Talk of The Villages Florida - View Single Post - Question about mortgage on new or preowned home
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Old 12-01-2013, 12:01 PM
TomW TomW is offline
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Also, there is a clause in the new home TV purchase contract regarding the SEVERE financial penalties you may incur if you don't close on the day they select. This forces many to go through Citizens Wholesale Mortgage (not Citizens First Bank) because CWM guarantees they will be ready to close on your TV assigned date. I don't know if this clause is present in resale contracts.
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