Re: offer to buy house

[http://dummy.us.eu.org/robert (robert)]

So, the "Offer to Purchase" letter has several problems with it, according
to Atty. Jim Peterson, such as

1) >$500 deposit.  Jim Peterson says that a broker typically requires 5%
   non-refundable deposit.
2) financing contingency.  If the buyer supplies more than 20% down, then
   there is less likely to be problems with the loan.
3) closing date.  The letter specifies no closing date, or even a range of
   dates.

I called the buyer and told him about the problems.  I'm hoping the
problems will be corrected and will get a more acceptable "Offer to
Purchase".

That's where things stand.

Despite being pre-approved by http://www.mortgagelinkllc.com (by Jeff
Briggs).