Talk of The Villages Florida - Pre approval for a mortgage

Quote:

Originally Posted by Muncle

Gotta go with the great one on this. The issue is that it is your 3rd party that is causing the problem, not TV's. The problem is between you and that party. Now if the 3rd party that failed to deliver was the builder or one of his suppliers or subs, the problem would be TV's and he would be at fault and in default. You would be entitled to the damages and expenses Fumar specified.

Fumar & Muncle,

Let me clarify...It becomes the Buyers problem when a Lender can't/doesn't make closing possible. Lender is a 3rd party (not a party to contract). And when TV contract is used, with no financing contingency, that may be a real possibility....

Suppliers, subs etc. default, you're absolutely correct. That is TV problem, not consumer's.

Regret any confusion I may have caused,