16th WEDNESDAY 6:00pm
Event Location Administrator Event Duration
Mortgage Contingency in a Co-op Transaction Manhattan Donald Lincoln 3.75hr

Among the many topics, this class will include:

  1. What is a mortgage "contingency"

  2. Why does a buyer need it?

  3. Form RE Co-op Contract has 3 Scenarios for Financing in a Transaction
    a. Deal is contingent on financing 
    b. Deal is non-contingent on financing but buyer may finance 
    c. Buyer may not finance

  4. Issuance of the Loan Commitment Letter

  5. The Co-op Approval by the Lender

  6. Change in Buyer circumstance

Take Don's Classes Here - https://us02web.zoom.us/j/9930381930

Donald began his lucrative career in 1980 as a mortgagebroker, arranging real estate loans for residential and commercialclients.  Through the years, he hasworked extensively in the mortgage, property management, and real estate industriesin New York City.  In 2006, he became alicensed mortgage and real estate instructor, who has authored and obtained NYDepartment of State approval for over twenty different courses, with topicsincluding Real Estate Salesperson/Broker Licensing, Tax Liens, and Real EstateInvestment Strategies.  Most notably, heco-authored the NMLS-approved textbook for the New York State-Licensed MortgageLoan Originators on the topic of continuing education requirement, which waspublished by Hondros Learning in 2013.

 

Donald’s approach to education integrates real-worldexperiences from his rich background and expertise in the fields of Mortgage,Property Management and Real Estate.  Heteaches a variety of disciplines such as the Real Estate Salesperson LicensingCourse, Mortgage Loan Originator Licensing Course, and various ContinuingEducation courses.


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