Q: I live in New York and recently sold my house. My buyers still have not produced a commitment for the property.
The commitment was due over 50 days ago and I am close to losing my lock in interest rate. My agent and attorney both tell me the file is in underwriting. What can I do???
A: Nothing, unless this creates a default under the contract.
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A:
You must speak to your real estate lawyer in connection with the sale as that is the one who best knows the terms of the contract.
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1 user found this answer helpful
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