Rules of Reason: Always Include a Funding Contingency
Obtaining a loan is not as easy as it used to be. A bank can change its mind about making the loan even after the commitment letter is issued. The "funding contingency" is a useful contract tool to protect the borrower from disaster
Rules of Reason: Always Include a Funding Contingency
Obtaining a loan is not as easy as it used to be. A bank can change its mind about making the loan even after the commitment letter is issued. The "funding contingency" is a useful contract tool to protect the borrower from disaster