Originally Posted by X5 Meister

BTW, getting someone to pull a loan contingency ASAP is one of the classic broker moves as is 'there's someone else interested...you have 2 hours to decide.' You have to understand, a mortgage contingency is NOT a valid reason why a seller should refuse, what it is, is a reason for a seller to FORCE you into making a quick decision on something. Case in point, I went with someone to look at a $1.5 mill property that was on and off the market for over 8 months and had it's price dropped a half dozen times. The broker just happened to also be the owner. He was losing money every day on his loan, taxes, maintenance, etc. as it was vacant. After seeing it and expressing interest, my friend got a call the NEXT day that if he wanted the property he would have to make a decision within 24 hours because there is 'suddenly' an interested buyer who offered full price with no loan contingency. Yeah right. It's still for sale.