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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.
Catherine Favara is one of the Top Agents in the Borough of Brooklyn. She has over 24 years proven track record! Experienced assistants work exclusively for Cathy to provide SUPERIOR SERVICE! State of the art computer technology allows Cathy to provide fast efficient service to her clients.
SPECIALIZING IN:
Marketing of Residential Properties, Relocation Director, Conservator & Executor of Estates, Foreclosure & Short Sales, Overseer of all Real Estate Transactions.
TITLES AND CERTIFICATIONS:
2007 President of Women’s Council of Realtors, Brooklyn Chapter
2009 President Elect for Women’s Council of Realtors, New York State
2004 Realtor Associate of the Year
2009 Vice President of Brooklyn Board of Realtors
GRI & CRS Designations
**President’s Elite** 1996-2007
Certified Relocation Director
Mike Ferry Superstar Program
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