What is the name of your state (only U.S. law)? Florida
We executed the contract to purchase for cash a condo and provided the required 20% cash deposit with the closing escrow agent. We also submitted the "Application for sales approval" to the condo association for us to be approved as buyers.
Here are the details on the transaction:
We will pay for the condo with cash, there is no mortgage, we submitted bank statements to verify ability to close with the cash plus income verification that we have more than ample income to pay for the maint fee. We provided strong personal references and proof that we are longterm responsible members of society. We did encounter a credit problem resulting from the financial crisis which led to a less than pristine credit report. Our background shows no evictions, no adverse public records, no criminal actions.
Question: Is there any basis for us being rejected based on the above?What is the name of your state (only U.S. law)?
We executed the contract to purchase for cash a condo and provided the required 20% cash deposit with the closing escrow agent. We also submitted the "Application for sales approval" to the condo association for us to be approved as buyers.
Here are the details on the transaction:
We will pay for the condo with cash, there is no mortgage, we submitted bank statements to verify ability to close with the cash plus income verification that we have more than ample income to pay for the maint fee. We provided strong personal references and proof that we are longterm responsible members of society. We did encounter a credit problem resulting from the financial crisis which led to a less than pristine credit report. Our background shows no evictions, no adverse public records, no criminal actions.
Question: Is there any basis for us being rejected based on the above?What is the name of your state (only U.S. law)?