CONTINGENCY RESOLUTION CHECKLIST Created by ChecklistGuro (https://checklistguro.com) --- 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 – 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 --- END OF TEMPLATE --- Transform this text into a digital, automated, and trackable mobile app! Visit: https://checklistguro.com/templates/task-management/contingency-resolution-checklist (Click "Install Template" to launch your digital inspection tool immediately)