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 Third Party Financing Addendum Texas 2011-2025

5 Trec 2011-2025 Form

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Instructions and help about trec financing

okay um so welcome today uh we're going to talk about the financing contingency so I'm going to be referencing 22A and I'm going to try to incorporate some of the changes that are happening on tomorrow so the financing contingency we'll be discussing when we should be using it how it should be used properly how to make sure that we're following the rules to protect our client under this contingency and we're also going to talk about how and when this contingency is waived what does and does not constitute a waiver of this and ways to leverage this contingency for a strong offer in a competing situation so first I wanted to start with a question can a buyer come to the closing table with more than the minimum down payment without a penalty yes of course they can so I pulled up the new financing form sorry let me get my lettuce out of the way here when we fill out the financing contingency what we're making is a contract promise we

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