If Buyer does not cancel within this time period, the termite and Home inspection clause is waived. No representations shall survive closing. If the Buyer does not obtain a written mortgage commitment by the date established in the Contract, the Buyer has 7 days to cancel the contract or the mortgage contingency is deemed waived. The parties may agree to extend the mortgage contingency at the option of the Seller. In the event the Seller elects not to repair the damage, the Buyer shall have the right to cancel the Contract.
Seller has no personal knowledge regarding lead paint.
If lead paint exists, seller is not required to repair, fix or reduce purchase price. Fax notices is not effective notice. Obtain from the Seller back title, including a photocopy of the Deed, survey, title policy and mortgage payoff statement and forward them to the purchaser's attorney, thus expediting the search and survey process. Cooperate with the purchaser's attorney in preparing the final closing statement. Of course, these items represent only a partial list of services which may be rendered by the attorney for the buyer during real estate transactions.