Sabrina, Few things are certain in real estate. It would not be wise to go into any real estate transaction without a financing contingency unless you have a solid back-up plan, i.e. cash or investor $ to close the sale. Depending on your lender, the pre approval may not be worth the paper it is written on. What you stand to lose, depending on the wording of your contract, would usually be your initial earnest money deposit which could be a substantial amount. With this in mind, if a financing contingency is unacceptable, minimize your risk by minimizing your initial earnest money deposit. What to look out for: Lenders that will tell you what you want to hear just to get your business.
Jim Blanchard INLAND REAL ESTATE -----Original Message----- From: sabrinaji2002 [mailto:[EMAIL PROTECTED] Sent: Sunday, September 19, 2004 8:47 PM To: [EMAIL PROTECTED] Subject: [RealEstate] Re: Commercial Real Estate Loan Question I had a question for someone familiar with commercial real estate loans. Is it wise to go into a real estate transaction without a financing contingency? Once a pre approval is on the table, what are the risks that I face? Is it possible that the loan could fall through? Any insights and possible things to watch out for would be greatly appreciated. Thank You, sabrina Apply for Commercial Real Estate loans online and submit your deal to dozens of hungry lenders in just minutes. Loan programs for all types of business and commercial real estate. Apply anytime at http://realestatezoo.com RealEstate Part of RealEstateZoo.Com ------------------------------------- Post message: [EMAIL PROTECTED] Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] List owner: [EMAIL PROTECTED] Web Site: http://groups.yahoo.com/group/RealEstate Yahoo! Groups Links ------------------------ Yahoo! Groups Sponsor --------------------~--> $9.95 domain names from Yahoo!. Register anything. http://us.click.yahoo.com/J8kdrA/y20IAA/yQLSAA/iiEolB/TM --------------------------------------------------------------------~-> Apply for Commercial Real Estate loans online and submit your deal to dozens of hungry lenders in just minutes. Loan programs for all types of business and commercial real estate. Apply anytime at http://realestatezoo.com RealEstate Part of RealEstateZoo.Com ------------------------------------- Post message: [EMAIL PROTECTED] Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] List owner: [EMAIL PROTECTED] Web Site: http://groups.yahoo.com/group/RealEstate Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/RealEstate/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
