Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You! It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request our free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. The Status Report that you'll receive by email will also include other important information that has been left out or that is available to us through our professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. Remember: As top Encino, Tarzana and Woodland Hills area real estate agents, it's our job to know more about a property than any web site. Make sure you have the most current information! 
Financing Your Home >Financing Contingencies
Standard real estate purchase agreements usually contain language that releases the purchaser from an agreement if they are unable to get financing within a specified period of time. This contingency includes a full return of the earnest money deposit. If you are buying a home, you should read the financing clause carefully and be sure that you fully understand the terms of the agreement.
You are usually required to apply for your loan promptly and to comply with requests from the lender for any documentation needed to complete the loan application. The contract will also set a time limit by which you must have loan approval. If your lender cannot meet the financing deadline and needs additional time to complete the loan, you must ask the sellers for a written extension.
|
 |
| Q |
What does "contingency" mean in real estate?
|
| A |
A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence." |
 See More Real Estate Trivia > |
|
|
LaMonica Group
Rodeo Realty Inc.
23528 Calabasas Rd. Calabasas, Ca 91302
Peter LaMonica Lic# 01338661
Maggie Oreck Lic# 01352758
818.995.8201
Fax: 818-332-1247
Info@LaMonicaGroup.com
The LaMonica Group demonstrates strong ethics, wisdom, and concern. Their experience with real life situations and with people has given them a wonderful common sense approach. Combined with their strong negotiation skills, they are a valuable resource in helping their clients meet their goals
The LaMonica Group is dedicated, experienced, and market savvy and in today’s market isn’t that exactly what you need?   
www.MaggieOreck.com is brought to you by
LaMonica Group
NUMBER1EXPERT™ in real estate for
Encino, Tarzana and Woodland Hills, California Read LaMonica Group's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
