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NY008  Contract of Sale NYSLTA 8041 Rev 1178  Advantage Title  Form

NY008 Contract of Sale NYSLTA 8041 Rev 1178 Advantage Title Form

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Instructions and help about NY008 Contract Of Sale NYSLTA 8041 Rev 1178 Advantage Title

Florida's AIS residential contract for sale and purchase requires that buyers who are obtaining a loan provide notice of loan approval to the seller within a specified loan approval period if the buyer fails to provide notice of loan approval and the loan approval period lapses then the transaction will flip from a loan to a cash deal and the financing contingency will be waved the seller can then choose to cancel the contract within 3 days after expiration of the loan approval period or the seller can decide to move forward with the contract and the buyer and seller are then moving forward with no financing contingency so if you're buying real estate and you're getting a loan then make sure that you comply with the notice part of the loan approval period

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