Often callers have questions about the Third Party Financing Addendum (焦油1901, TREC 40-7), in particular the difference between the “买方批准” and “财产的批准” paragraphs. If a lender denies the buyer’s loan because of his credit history, 收入, 或资产, this falls under Paragraph B(1), 买方批准, and your client must terminate within the time required by the blank in that paragraph. 然而, if a lender will not finance the loan because of something related to the property itself, such as a low appraisal, 可保险性, or lender-required repairs, this falls under Paragraph B(2), 财产的批准. The time period for terminating under this paragraph is any time before closing.
Hunter Jackson, associate counsel
