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What happens if a mortage offer runs out before everything is ready

 
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Dreama


What happens if a mortage offer runs out before everything is ready? Sheri
0     In Mortgage Cont.03

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    Q. What happens when loan isnt ready to close on house?


    Closing means that the loan is ready and will exchange hands on a specific date. Closing does not happen when there is no money to exchange. The deposit made may be forfeited by the real estate company or the seller which evers apply as per your contract.

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