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Sold - 18206 170th Street

$146,300

Front

Address: 18206 170th Street	City/ST: Big Lake, MN	Zip Code: 55309
Property Type: BANK OWNED	New or Resale: Resale	Square Footage: 2588
Bedrooms: 3	Bathrooms: 2	MLS# 3812529

Last Updated: 10/12/2009 12:05:49 PM

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Financing Your Home >Financing Clauses

Residential sales agreements usually have clauses referred to as financing contingencies which allow the buyers to declare the contract null and void if they are unable to obtain financing. This may be the most important condition in your contract if you are buying a home, so read the contract carefully before you sign it.

Most financing clauses set a time limit of from 30 to 45 days for obtaining a firm commitment from a lender. They may set deadlines for applying for a loan, and require the buyer's full cooperation in obtaining all the information needed to process your loan. If the loan is not approved by the deadline, it may be necessary to request an extension from the sellers or take specific steps to void the contract and get your deposit money back. Be sure to note all of the financing deadlines in the contract, apply for your loan as soon as possible, and be diligent about providing the lender with any documents that are requested.

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Q	How many steps are there leading to the top of the Eiffel Tower in Paris, France?
A	Visitors who walk to the top must go up 1,792 steps.
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Steve Comstock, REALTOR�, real estate agent and broker for Minneapolis West Suburbs, Maple Grove, St. Michael and Albertville, Minnesota home listings, property and land for sale - NUMBER1EXPERT

Steve Comstock
U.S. Home Source Realty, Inc
PO Box 1311
Maple Grove, MN 55311
612-454-1450
Fax: 952-843-5661
SteveComstock@NUMBER1EXPERT.com

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