Legal Hotline Question: Is it ok for buyer to choose not to - TopicsExpress

Legal Hotline Question: Is it ok for buyer to choose not to include the financing addendum if the buyer is obtaining a loan and fully aware of the consequences of waiving the financing addendum in order to compete with all-cash offers? In essence it is all cash from the proceeds of the loan. Can buyer waive the financing and state in an addendum or bottom of 22D, the buyer is obtaining a loan for the cash to purchase and is fully aware of the consequences of waiving the financing addendum?

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