Hi everyone,
Currently selling my home in MA. We have a buyer, and we're suppose to close on June 30th. Buyers have signed the p&s (given 2nd EMD), performed their inspection, did the appraisal. We had a loan commitment date contingency which was June 12th, but my agent reached out and said buyers are requesting an extension (2 business days) until June 16th, that they're still in underwriting. Is a loan commitment extension normal during a process?
Other than this, buyers have been pretty good and easy to work with.
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source https://www.reddit.com/r/RealEstate/comments/1u4ondd/is_a_loan_commitment_extension_normal_or_redflag/
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