Agents, are you capable of derailing a client’s fraudulent intentions? | Inman News
In today’s market we are starting to see multiple offers and those stressful moments when you, as a buyer, might have to do some serious maneuvering to get the property that you want.
But, be careful when approaching these moments!
The official RANM forms used in New Mexico could put you at serious risk for losing your earnest money if you do not hold to the obligations in the purchase agreement when it comes to what type of proof of funds or approval letter you submit to the seller, when you have the ability to ‘back out’ of a purchase should your financing not be approved, and when that notice has to be given.
Be sure and consult with a Realtor who goes over the contracts thoroughly before you obligate yourself to a purchase.
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