Contingency Resolution Checklist
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Financing Contingency
Addresses potential issues related to the buyer obtaining mortgage financing. Covers loan approval, appraisal, and any financing-related adjustments.
Loan Application Date
Loan Type
Loan Amount
Loan Status
Notes on Loan Approval Process
Date of Loan Approval (if applicable)
Details of any Financing Issues Encountered
Contingency Resolution Strategy (if needed)
Specific details regarding resolution, if applicable
Appraisal Contingency
Deals with situations where the property's appraised value is lower than the agreed-upon purchase price.
Agreed Upon Purchase Price
Appraised Value
Shortfall Amount (Purchase Price - Appraised Value)
Description of Appraisal Discrepancy
Resolution Strategy Selected
Agreed Upon Price Reduction (if applicable)
Deadline to Resolve Appraisal Gap
Notes on Communication with Appraiser (if applicable)
Buyer Signature (Acknowledgement of Resolution)
Seller Signature (Acknowledgement of Resolution)
Inspection Contingency
Covers issues discovered during property inspections (e.g., structural, pest, environmental) and the resolution of those issues.
Summary of Inspection Findings
Inspection Issues Requiring Resolution (Select all that apply)
Detailed Description of Each Issue
Estimated Cost of Repairs (Buyer's Estimate)
Estimated Cost of Repairs (Seller's Estimate)
Explanation of Discrepancy (If Seller's and Buyer's Estimates Differ)
Resolution Method Chosen
Target Completion Date for Repairs (If Applicable)
Attach Repair Estimates or Quotes
Title Contingency
Manages concerns arising from the title search, such as liens, easements, or encumbrances on the property.
Title Search Completed?
Summary of Title Issues Found (if any)
Type of Title Issue(s)
Description of Resolution Strategy
Date of Resolution Deadline
Resolution Status
Supporting Documentation (e.g., Title Opinion, Release)
Notes and Comments Regarding Title Resolution
Sale of Buyer's Property Contingency
Relates to situations where the buyer's ability to purchase the property is dependent on the sale of their existing property.
Original Contingency Expiration Date
Days Granted for Extension
New Contingency Expiration Date (if extension granted)
Buyer's Property Status
Notes on Buyer's Property Sale Progress
Resolution Type
Detailed Explanation of Resolution
Buyer's Signature Acknowledging Resolution
Other Contingencies
Covers any unique or unusual contingencies specific to the real estate transaction that don't fit into the standard categories.
Describe the Unique Contingency
Initial Response/Action Required (Seller/Buyer)
Original Contingency Expiration Date
Number of Extensions Granted
Extension Type (if applicable)
Description of Resolution Discussions
Resolution Status
Notes/Additional Details Regarding Resolution
Supporting Documentation (e.g., specialized reports, emails)
General Resolution & Documentation
Covers steps related to formally documenting the resolution of all contingencies and ensuring all parties are aware and in agreement.
Summary of Contingency Resolution
Contingencies Resolved
Resolution Deadline Date
Amendment Reference Number (if applicable)
Supporting Documentation (Amendments, Repair Estimates, etc.)
Resolution Outcome
Buyer Signature
Seller Signature
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