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Buying or Selling a Home/Comittment Letter
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Question
Is the seller allowed to see the commitment letter?
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The text above is a follow-up to ...
-----Question-----
My questions is.. By law is the seller of a residential home allowed to see the comittment letter that the buyer obtains from the bank they will be using to finance the purchase of the sellers home
-----Answer-----
Dear Phillip,
Thank you for your question.
The bank mortgage commitment letter is sent by the buyer's attorney to the seller's attorney at which point a closing can be set up.
Hans
Hi Phillip,
The seller's attorney is sent the commitment letter by the buyer's attorney to confirm the final commitment of the loan by the bank. By virtue of the attorney viewing it the seller would have access to it.
The answer is yes.
Hans
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Answers by Expert:
- Dick Dennis
- Jessica Bryan
- liznarr
- Hans Weber, Licensed Broker Associate
- Sue Bernstein
- Karyn Foley
- Dottie Worthington
- Jim Root
- Russel Ray
- Connie Wildasinn-Broker,GRI,RealtorŪ
- Todd C. Menard
- Diann Tonnesen
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- Jay Denit
- Matt Heisler
- Lisa Webber
- John
- Laurie Stephenson
- Marvin G. Bobbitt, III
- Nori J. Muster
- Sharon Huneycutt, Realtor, Associate Broker, GRI, e-PRO
- CJ Brasiel
- Jeff Kessler
- Kathryn Hisert
- Emily
- Ted Lewis
- Kerrin Kostelic, FL Broker Associate, GRI, AHWD
- Tim Norris
Hans Weber, Licensed Broker Associate
Expertise
I am able to answer questions related to buying or selling residential real estate in New York. There are many questions buyers and sellers have about the process of buying or selling a home that they are afraid to ask or that might seem too simple to ask. For instance: in a house, why do some doors open in and some doors open out?
Experience
Licensed real estate agent in New York State in 1988.
Serving buyers and sellers as a full time occupation since 1988 with over 300 successful residential real estate transactions.
Organizations
National Association of Realtors.
Westchester County Board of Realtors.
Education/Credentials
Graduate of Pace University in 1988 majoring in business and minors in taxation and computer science.
Awards and Honors
Consistently one of top sales awarding winning agents for Coldwell Banker in Westchester County.
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