Legal Question in Real Estate Law in Florida

potential buyer termination 3 days prior to end of commitment date
Had mortgage company try to sercure loan for home because of credit and other curcumstances we were told obtaining loan might be difficult. A closing date was never determined and termination of commitment was three days away and numerous documents that would take time to produce were requested and could not be supplied by time frame that was asked we in turn terminated working with mortgage company. Are we responsible for any fee to mortgage company?

Asked on 11/01/04, 10:03 pm

Scott W Barger Barger Law Offices

0 users found helpful

0 attorneys agreed

Re: potential buyer termination 3 days prior to end of commitment date

In Florida, you would generally be liable for appraisal. Depends on terms of any contract you signed with broker.

Answered on 11/02/04, 8:49 am

Tonia Troutwine, Esquire - Troutwine Law Group. LLC

0 users found helpful

0 attorneys agreed

Re: potential buyer termination 3 days prior to end of commitment date

Any fees would depend on the terms of the contract.

Answered on 11/13/04, 11:09 am

Keywords

Match Any Match All

Country

State

Area of Law