CONTINGENCY RESOLUTION CHECKLIST

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--- FINANCING CONTINGENCY ---
[ ] Loan Application Date
[ ] Loan Type (Conventional, FHA, VA, USDA, Jumbo)
[ ] Loan Amount
[ ] Loan Status (Application Submitted, Under Review, Approved, Denied, Contingency Resolved, Contingency Expired)
[ ] Notes on Loan Approval Process
[ ] Date of Loan Approval (if applicable)
[ ] Details of any Financing Issues Encountered
[ ] Contingency Resolution Strategy (if needed) (Price Reduction, Buyer Pays Difference, Other (Specify), Contingency Waived)
[ ] Specific details regarding resolution, if applicable

--- APPRAISAL CONTINGENCY ---
[ ] Agreed Upon Purchase Price
[ ] Appraised Value
[ ] Shortfall Amount (Purchase Price - Appraised Value)
[ ] Description of Appraisal Discrepancy
[ ] Resolution Strategy Selected (Price Reduction, Buyer Pays Difference, Seller Pays Difference, Negotiated Split, Contingency Waived by Buyer, Terminate Agreement)
[ ] 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 ---
[ ] Summary of Inspection Findings
[ ] Inspection Issues Requiring Resolution (Select all that apply) (Structural, Roof, HVAC, Plumbing, Electrical, Pest Infestation, Mold, Foundation, Other (Specify in LONG_TEXT))
[ ] 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 (Seller to Repair, Buyer to Repair (Credit at Closing), Price Reduction, Buyer Accepts 'As Is', Other (Specify in LONG_TEXT))
[ ] Target Completion Date for Repairs (If Applicable)
[ ] Attach Repair Estimates or Quotes

--- TITLE CONTINGENCY ---
[ ] Title Search Completed? (Yes, No, Pending)
[ ] Summary of Title Issues Found (if any)
[ ] Type of Title Issue(s) (Liens, Easements, Encumbrances, Judgments, Unclear Ownership, None)
[ ] Description of Resolution Strategy
[ ] Date of Resolution Deadline
[ ] Resolution Status (Resolved, In Progress, Extended, Waived, Contingency Failed)
[ ] Supporting Documentation (e.g., Title Opinion, Release)
[ ] Notes and Comments Regarding Title Resolution

--- SALE OF BUYER'S PROPERTY CONTINGENCY ---
[ ] Original Contingency Expiration Date
[ ] Days Granted for Extension
[ ] New Contingency Expiration Date (if extension granted)
[ ] Buyer's Property Status (Under Contract, Pending Closing, Closed, Failed to Close)
[ ] Notes on Buyer's Property Sale Progress
[ ] Resolution Type (Contingency Waived (Buyer's Property Sold), Contingency Waived (Agreement Reached), Contingency Extended, Contingency Failed - Deal Terminated)
[ ] Detailed Explanation of Resolution
[ ] Buyer's Signature Acknowledging Resolution

--- OTHER CONTINGENCIES ---
[ ] Describe the Unique Contingency
[ ] Initial Response/Action Required (Seller/Buyer)
[ ] Original Contingency Expiration Date
[ ] Number of Extensions Granted
[ ] Extension Type (if applicable) (Time Extension, Scope Modification, Further Investigation, None)
[ ] Description of Resolution Discussions
[ ] Resolution Status (Waived/Removed, Modified Agreement, Extended, Failed â€“ Transaction Impacted)
[ ] Notes/Additional Details Regarding Resolution
[ ] Supporting Documentation (e.g., specialized reports, emails)

--- GENERAL RESOLUTION & DOCUMENTATION ---
[ ] Summary of Contingency Resolution
[ ] Contingencies Resolved (Financing, Appraisal, Inspection, Title, Sale of Buyer's Property, Other (Specify in Summary))
[ ] Resolution Deadline Date
[ ] Amendment Reference Number (if applicable)
[ ] Supporting Documentation (Amendments, Repair Estimates, etc.)
[ ] Resolution Outcome (Contingency Waived (Buyer Accepts, Contingency Waived (Seller Concessions), Contingency Fulfilled, Contingency Not Fulfilled (Transaction Terminated))
[ ] Buyer Signature
[ ] Seller Signature

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