aelnospam wrote:
In a standard Florida contract that contains a financing contigency
would a seller be able to cancel the contract if the contigency calls
for the buyer to obtain 80% financing and the buyer actually obtained
77% financing but can prove they have the money to close?
Any comments would be appreciated.
I think it would depend upon the actual wording and any implied intent
in that wording. Based solely on your post, yes, it can be cancelled. If
the only wording was specific and on point to the 80%, then the buyer
has not met his obligation so the deal can be killed.
My opinion is just that as you give no specifics.
-paul
ianal
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