Updated about 11 years ago on . Most recent reply
Wholesale contract disclosures
I have written a disclosure in my contract that states "if buyer, myself, is unable to fund the loan on or before close of escrow, seller is only entitled to earnest money deposit."
THOUGHTS????
Since I'm looking for an all cash buyer quickly I'm sure one day I will run into not finding one for one of my properties and don't want any risk if it comes to funds breaking the contract. Yet I don't want to scare off a seller with this statement. DOES THAT STATEMENT WRITTEN IN MY CONTRACT SAVE ME FROM FURTHER ACTION ON A DISGRUNTLED SELLER ONCE CONTEACT IS BROKEN???



