the truth about Foreclosures?
A | Read what's on our
| What happens if I can't get a mortgage? Do I lose
my entire Deposit?
A | Depends. In the Contract
or Offer to Purchase did you have a Mortgage Contingency?
When you need to borrow money from a lender to purchase
a house, it would be very wise to put in a Mortgage Contengency
i.e."Subject to Buyers securing a first mortgage in
the amount of ______for a term of 30 years, at the prevailing
rate. Buyers agree to make application for mortgage within
___ days from the date of acceptance of this offer. In the
event Buyers are unable to secure the aforesaid mortgage
within 30-45 days from the date of acceptance of this offer,
then all funds shall be refunded to the Buyers, and this
agreement shall thenceforth be null and void."
| I run an Animal Rescue Shelter and want to purchase
more property in Litchfield County. Is there a quick way
to determine what the Zoning regulations are in any given
A | Many towns post zoning
regulations on their website. I find however, that town
Zoning Departments are actually quite helpful and less complicated
than scrolling online through pages of regulations.