Common use of Bank Financing Clause in Contracts

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ In addition, Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___, the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ days from the date in Section V(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 48 contracts

Samples: New Hampshire Residential Purchase Agreement, Florida Residential Purchase Agreement, Residential Real Estate Purchase Agreement

AutoNDA by SimpleDocs

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ In addition, Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___, the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(cIV(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ days from the date in Section V(cIV(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(cIV(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 28 contracts

Samples: Utah Land Purchase and Sale Contract, Minnesota Land Purchase and Sale Contract, Land Purchase and Sale Contract

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [OTHER] In addition, Buyer Xxxxx agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer Xxxxx does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___[DATE], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [#] days from the date in Section V(c)said date; Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer Xxxxx agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer Xxxxx agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party Party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 14 contracts

Samples: North Dakota Residential Purchase Agreement, Missouri Residential Purchase Agreement, Maryland Residential Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [OTHER] In addition, Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___[DATE], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [#] days from the date in Section V(c)said date; Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party Party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 12 contracts

Samples: California Residential Purchase Agreement, Oklahoma Residential Purchase Agreement, Maine Residential Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [OTHER FINANCING] In addition, Buyer Xxxxx agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer Xxxxx does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___[MM/DD/YYYY], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is IS is not IS NOT contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c5(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [#] days from the date in Section V(c5(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c5(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer Xxxxx agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer Xxxxx agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 9 contracts

Samples: Kentucky Residential Real Estate Purchase Agreement, Connecticut Residential Real Estate Purchase Agreement, Massachusetts Residential Real Estate Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [DESCRIBE] In addition, Buyer Xxxxx agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer Xxxxx does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___[DATE], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(cIV(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [#] days from the date in Section V(cIV(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(cIV(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer Xxxxx agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer Xxxxx agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 6 contracts

Samples: York Land Purchase and Sale Contract, North Dakota Land Purchase and Sale Contract, Hawaii Land Purchase and Sale Contract

Bank Financing. The BuyerPurchaser’s ability to purchase the Property is contingent upon the BuyerPurchaser’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) - VA Loan (Attach Required Addendums) - USDA Loan ☐ Equity Loan ☐ Other: __________________________________________________________ • Pre-approval letter is ☐ Attached with this offer OR ☐ Shall be provided to seller within calendar days of acceptance (if left blank this shall default to 3 calendar days). If Purchaser fails to provide such documentation, Seller may terminate this Agreement. If Seller fails to provide Purchaser written notice of termination within (3) calendar days; then seller waives right to termination. • In addition, Buyer agrees, Xxxxxxxxx agrees within a reasonable timecalendar days of written acceptance of this Offer, to make a good faith loan application with a credible financial institution; . • If Buyer Purchaser does not reveal disclose a fact of financing contingency to the lender and this purchase does is not record completed because of such nondisclosure after initial application, the Buyer Purchaser shall be in default; On or before ____________________, 20___. • Within (15) calendar days after written acceptance, the Buyer Purchaser will provide the Seller a letter of loan commitment from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and ☐ ☐ that the loan approval is is not contingent on the lease, sale, sale or recording other transfer of another property; property (Loan Commitment Period). • In the event the Buyer Purchaser fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c)within (15) calendar days, this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer Purchaser within ____ (3) calendar days from the date in Section V(c); Buyer must expiration of the Loan Commitment Period. • Purchaser MUST obtain Seller’s approval, in writing, to any change to of the letter described in Section V(c) regarding type of financing identified above, the financial institution, type of financing, institution or allocation of closing costs; and Buyer . • Purchaser agrees to pay all fees and satisfy all conditions, in a timely mannermatter, required by the financial institution for processing of the loan application. Buyer Purchaser agrees the interest rate offered by lender or the availability of any financing program is not NOT a contingency of this Agreement, so long as Buyer Purchaser qualifies for the financing herein agreed. Availability Purchaser and Seller are each responsible for obtaining for themselves sufficient information to give them a complete understanding of any financing program may change at to be obtained, as well as any timelegal or tax consequences from the sale or purchase of the Property. Any licensed real estate agent hired by either party is Said information should be obtained from experts in the aforementioned fields and the parties should not responsible rely on the representations of others, including the REALTORS® involved in this transaction, for representations or guarantees as to the availability of any loans, project and/or property approvals or interest ratesadvice in this regard.

Appears in 2 contracts

Samples: nworealtors.com, nworealtors.com

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ In addition, Buyer Xxxxx agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer Xxxxx does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___, the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(cIV(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ days from the date in Section V(cIV(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(cIV(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer Xxxxx agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer Xxxxx agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 2 contracts

Samples: Montana Land Purchase and Sale Contract, Land Purchase and Sale Contract

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: _____________________________________________________________ In addition, Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; . If Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after the initial application, the Buyer shall be in default; . On or before ____________________, 2020 ___, the ___ Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, acceptable income, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; . In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c)__________________, 20 ______ this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ______ days from the date in Section V(c); date. Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c) above regarding the financial institution, type of financing, or allocation of closing costs; and . Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer agrees the interest rate offered by a lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability The availability of any financing program may change at any time. Any licensed real estate agent hired by either party Party is not responsible for representations or guarantees as to the availability of any loans, project and/or or property approvals approval or interest rates.

Appears in 1 contract

Samples: South Dakota Real Estate Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [OTHER FINANCING]. a.) In addition, the Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; b.) If the Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after the initial application, the Buyer shall be in default; c.) On or before ____________________, 20___[MM/DD/YYYY], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is IS is not IS NOT contingent on the lease, sale, or recording of another property; d.) In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c5(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [#] days from the date in Section V(c5(c); e.) The Buyer must obtain the Seller’s approval, in writing, to any change to the letter described in Section V(c5(c) regarding the financial institution, type of financing, or allocation of closing costs; and f.) The Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, conditions promptly required by the financial institution for processing of to process the loan application. The Buyer agrees the interest rate offered by a lender or the availability of any financing program is not a contingency of this Agreement, so long as the Buyer qualifies for the financing herein agreed. Availability The availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to regarding the availability of any loans, project project, and/or property approvals or interest rates.

Appears in 1 contract

Samples: Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ In addition, Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___, the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ days from the date in Section V(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 1 contract

Samples: Arizona Residential Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ In addition, Buyer Xxxxx agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer Xxxxx does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___, the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ days from the date in Section V(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer Xxxxx agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer Xxxxx agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 1 contract

Samples: Nebraska Residential Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [ OTHER FINANCING ]. In addition, Buyer Xxxxx agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer Xxxxx does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___[ MM/DD/YYYY ], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is IS is not IS NOT contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c5(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [ # ] days from the date in Section V(c5(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c5(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer Xxxxx agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer Xxxxx agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 1 contract

Samples: Residential Real Estate Purchase Agreement

AutoNDA by SimpleDocs

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [DESCRIBE] In addition, Buyer Xxxxx agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer Xxxxx does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___[DATE], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(cIV(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [#] days from the date in Section V(cIV(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(cIV(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer Xxxxx agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer Xxxxx agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 1 contract

Samples: Mississippi Land Purchase and Sale Contract

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ . In addition, Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20____, the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ days from the date in Section V(c)said date; Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party Party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 1 contract

Samples: Hawaii Residential Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ In addition, Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; . If Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after the initial application, the Buyer shall be in default; . On or before _____________________, 20____, the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, acceptable income, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; . In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c)_____________________, 20____, this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ days from the date in Section V(c); date. Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c) above regarding the financial institution, type of financing, or allocation of closing costs; and . Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer agrees the interest rate offered by a lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability The availability of any financing program may change at any time. Any licensed real estate agent hired by either party Party is not responsible for representations or guarantees as to the availability of any loans, project and/or or property approvals approval or interest rates.

Appears in 1 contract

Samples: Residential Real Estate Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ In addition, Buyer Xxxxx agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer Xxxxx does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___, the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(cIV(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ days from the date in Section V(cIV(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(cIV(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer Xxxxx agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer Xxxxx agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 1 contract

Samples: Land Purchase and Sale Contract

Bank Financing. The Buyer’s ability to purchase the Property property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [OTHER FINANCING]. a.) In addition, the Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; b.) If the Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after the initial application, the Buyer shall be in default; c.) On or before ____________________, 20___[MM/DD/YYYY], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is IS is not IS NOT contingent on the lease, sale, or recording of another property; d.) In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c5(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [#] days from the date in Section V(c5(c); e.) The Buyer must obtain the Seller’s approval, in writing, to any change to the letter described in Section V(c5(c) regarding the financial institution, type of financing, or allocation of closing costs; and f.) The Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, conditions promptly required by the financial institution for processing of to process the loan application. The Buyer agrees the interest rate offered by a lender or the availability of any financing program is not a contingency of this Agreement, so long as the Buyer qualifies for the financing herein agreed. Availability The availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to regarding the availability of any loans, project project, and/or property approvals or interest rates. ☐ – Seller Financing. Xxxxxx agrees to provide financing to the Buyer under the following terms and conditions: a.) Loan Amount: $[LOAN AMOUNT] b.) Down Payment: $[DOWN PAYMENT AMOUNT] c.) Interest Rate (per annum): [RATE]% d.) Term: [#] ☐ Months ☐ Years e.) Documents: The Buyer shall be required to produce documentation, as required by the Seller, verifying the Buyer’s ability to purchase according to the Purchase Price and the terms of the Seller Financing. Therefore, such Seller Financing is contingent upon the Seller’s approval of the requested documentation to be provided on or before [MM/DD/YYYY].

Appears in 1 contract

Samples: Property Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [DESCRIBE] In addition, Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___[DATE], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(cIV(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [#] days from the date in Section V(cIV(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(cIV(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 1 contract

Samples: Ohio Land Purchase and Sale Contract

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the Buyer’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [OTHER FINANCING] In addition, Buyer Xxxxx agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If Buyer Xxxxx does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___[MM/DD/YYYY], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not ☐ IS ☐ IS NOT contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c5(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [#] days from the date in Section V(c5(c); Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c5(c) regarding the financial institution, type of financing, or allocation of closing costs; and Buyer Xxxxx agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. Buyer Xxxxx agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 1 contract

Samples: Kansas Residential Real Estate Purchase Agreement

Bank Financing. The Buyer’s ability to purchase the Property is contingent upon the BuyerXxxxx’s ability to obtain financing under the following conditions: (check one) ☐ - Conventional Loan ☐ - FHA Loan (Attach Required Addendums) ☐ - VA Loan (Attach Required Addendums) ☐ - Other: __________________________________________________________ [OTHER] In addition, the Buyer agrees, within a reasonable time, to make a good faith loan application with a credible financial institution; If the Buyer does not reveal a fact of contingency to the lender and this purchase does not record because of such nondisclosure after initial application, the Buyer shall be in default; On or before ____________________, 20___[MM/DD/YYYY], the Buyer will provide the Seller a letter from a credible financial institution verifying a satisfactory credit report, acceptable income, source of down payment, availability of funds to close, and that the loan approval ☐ is ☐ is not contingent on the lease, sale, or recording of another property; In the event the Buyer fails to produce the aforementioned letter or other acceptable verification by the date above in Section V(c4(c), this Agreement may be terminated at the election of the Seller with written notice provided to the Buyer within ____ [#] days from the date in Section V(c4(c); The Buyer must obtain Seller’s approval, in writing, to any change to the letter described in Section V(c4(c) regarding the financial institution, type of financing, or allocation of closing costs; and The Buyer agrees to pay all fees and satisfy all conditions, in a timely manner, required by the financial institution for processing of the loan application. The Buyer agrees the interest rate offered by lender or the availability of any financing program is not a contingency of this Agreement, so long as the Buyer qualifies for the financing herein agreed. Availability of any financing program may change at any time. Any licensed real estate agent hired by either party is not responsible for representations or guarantees as to the availability of any loans, project and/or property approvals or interest rates.

Appears in 1 contract

Samples: Land Purchase Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.