Remove Bankruptcy Remove Debt-to-income ratio Remove Home sale contingency
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25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

HomeLight

This can radically alter their debt-to-income ratio and jeopardize the whole deal. First, when deciding to purchase a home, you’ll naturally try to make sure you’re at a stable point in your career. Problem: You have a home sale contingency — and your house hasn’t sold. Problem: You lost your job.

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How to Avoid a Delayed Closing: 7 Common Roadblocks to Be Aware of

Redfin

Any changes in your debt-to-income ratio or credit score could cause issues with your loan application, which increases the chance of a delayed closing. A common contingency is the home sale contingency, which means the buyer’s offer is contingent upon selling their current home.

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