On the due date for any notice, you can put a properly addressed
certified letter with your notice in the mail in any mailbox before
the last pickup, including your own curb mailbox, provided it has 8
stamps (.32) on it. Affix the identification seal to the front of your
envelope and attach the green postcard to the back. Mark the date of
mailing on the green and white receipt slip and save it with a copy of
the notice you send.

The noloan letter can usually be sent by fax to the seller's attorney
if this has been agreed. Make sure you get a fax receipt for the
transmission. If the contract specifies you can cancel a purchase if
you have not contracted to sell your present home by a particular day
or if you have failed to close on your old home by a specified day a
notice to seller is required if this applies to your purchase. Make a
copy of every notice you send.

FLOOD PLAIN

If you are concerned that your purchase might be in a flood plain that
requires you to buy flood insurance, or might overflow and ruin all
your property, ask your loan officer to order the flood search
immediately and send you and your lawyer the results. If the cost for
flood insurance would prevent you from loan qualification, this might
allow you to get out of the contract.

IF YOUR PRESENT HOUSE IS FOR SALE

You should have a rider in your contract to buy that it is canceled if
you don't sell your house by a certain date or if your buyer can't get
a loan or refuses to close on time. mark the dates of these events on
your calendar and send the required notices on each appropriate date.

IMMEDIATE BUYER ACTION

Make sure that the money that you will need at closing is in a bank or
savings and loan association that can issue a cashiers check or
certified check. Some money market and some credit union checks are
not accepted at closings. Make sure you know the days and hours your
bank is open.

If you or any co-borrower has a spouse that is outside the United
States or otherwise cannot attend the closing, that person will have
to sign and notarize a power of attorney and waiver of homestead that
must be returned to the lender well before the closing. If this
applies, let your attorney know immediately.

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