How Does the Financing Contingency Work in a Property Sale Contract?

Name: Norma Echarte & Associates
Address: 2525 Ponce De Leon, Third Floor, Miami, Florida, 33134
Telephone: 305-501-2844
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By Norma Echarte | Published July 7, 2022 | Posted in Real Estate | Tagged Tags: approval deadline, FAR/BAR Contract, loan approval |

Home sales are usually financed in part by lenders, such as banks and mortgage companies. For this reason, contracts for the purchase of homes require deposits at the time of signing, but are generally contingent on the buyer obtaining financing for the purchase. The Florida Realtors/Florida Bar Residential Contract for Sale and Purchase (the “FAR/BAR Read More

New FAR/BAR Contract Has Changes for the Miami Area

By Norma Echarte | Published April 7, 2022 | Posted in Real Estate | Tagged Tags: contract review, FAR/BAR Contract, loan approval |

Most Miami-Dade residential property transactions use the Florida Realtors/Florida Bar Contract for Sale and Purchase — the “FAR/BAR contract” for short. This is a fillable form that can be prepared by real estate brokers, attorneys, investors or actual parties to a deal. The FAR/BAR contract uses commonly understood language that is meant to make sales Read More

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Ms. Echarte is a long-time colleague and friend. She worked with me for many years at my law firm. She has the highest ethical standards and her legal abilities are off the chart. I would highly recommend her for an AV rating.

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2525 Ponce De Leon, Third Floor
Miami, Florida 33134
Phone: 305-501-2844
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