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Archive for June, 2019

How Closing Attorneys Create a Contractual Issue That Must Be Resolved When They Hold Earnest Money


When a Purchase & Sale Agreement designates a Closing Attorney to hold the Earnest Money, beware that the Attorney may inadvertently create an issue that must be resolved contractually! Watch the video to find out what that issue is & how to correct the problem they may create!

GAR 2019 Midyear Contract Change: Time Limit on Amendment to Address Concerns


Georgia Association of Realtors (GAR) has completed the Midyear Revision of the Contract Forms. One of the biggest changes involves the Amendment to Address Concerns F704. Please watch this video for a full explanation! Index of 6/1/19 Changes to GAR Contract:… PRIOR TO GAR Change 6/1/19 Video: “Amendment to Address Concerns – Is There a Time Limit”

May a Seller Terminate Without Proof of Buyer’s Loan Commitment?


If the Buyer doesn’t terminate based on the Financing Contingency, may the Seller terminate the contract if the Buyer doesn’t provide proof of a loan commitment from a Lender? Watch the video to find out!

Related Videos:
Do I Need an Approved Lender on a Loan Exhibit? When is a Buyer NOT Protected With a Loan Denial Letter? When Must a Buyer Send a Loan Denial Letter?

When is a Buyer NOT Protected by a Loan Denial Letter?

If a Buyer terminates a contract that is subject to Financing Contingency, they must do so prior to the expiration of the contingency time frame AND prove it with a Loan Denial Letter. HOWEVER, there are very specific reasons that are prohibited & will NOT protect a Buyer’s Earnest Money… watch the video to learn what those reasons are!


Must I Use an Approved Mortgage Lender? When must I send the Loan Denial Letter?

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