Bankruptcy, Debt-to-income ratio and Home sale contingency

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Bankruptcy

Debt-to-income ratio

Home sale contingency

25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

HomeLight

JULY 29, 2022

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.

Closing

Closing Purchase and sale agreement Title Home sale contingency

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

Redfin

MARCH 3, 2022

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.

Closing

Closing Title search Purchase and sale agreement Title

Residential Realty Today

25 Nightmare Scenarios That Can Disrupt Closing (And How to Avoid Them)

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

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