South Carolina Sample Letter for Denial of Request for Time Extension - Purchase of Home

• Category: Letters - Nonlegal - Property and Leases
• State: Multi-State
• Control #: US-0173LR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. Dear [Applicant's Name], We regret to inform you that our company cannot grant your request for a time extension on the purchase of the home located at [property address]. After a thorough review of your application, we have determined that we are unable to accommodate your request due to the following reasons: 1. Expiry of Contingency Period: As outlined in the purchase agreement, the contingency period for completing the home purchase has already expired. The contingency period allows the buyer to conduct inspections, secure financing, and fulfill other necessary requirements within a certain timeframe. Unfortunately, your request for an extension has been received after the agreed-upon deadline. 2. Legal and Contractual Obligations: According to South Carolina state laws and regulations, adherence to contractual obligations is crucial in real estate transactions. Failing to abide by the agreed terms within the specified timeframe may result in the termination of the contract. Our company is committed to upholding these legal requirements for both parties involved. 3. Other Interested Parties: During the review process, we have received additional offers and expressions of interest from other potential buyers. Considering the competitive nature of the real estate market in South Carolina, it is essential for us to proceed promptly to ensure equitable opportunities for all interested parties. We understand that unforeseen circumstances and delays can arise during the home buying process. However, due to the aforementioned factors, we must adhere to the contractual timelines and protect the interests of all parties involved in this transaction. We appreciate your interest and efforts in pursuing the purchase of the aforementioned property. We recommend exploring other available options in the market to fulfill your housing needs. Should you require any assistance or have any further inquiries, please do not hesitate to contact our office. Thank you for your understanding. Sincerely, [Your Name] [Title/Position] [Company Name] Variations: — South Carolina Sample Letter for Denial of Request for Time Extension — Foreclosure HomPurchaseas— - South Carolina Sample Letter for Denial of Request for Time Extension — New Construction HomPurchaseas— - South Carolina Sample Letter for Denial of Request for Time Extension — Short Sale HomPurchaseas— - South Carolina Sample Letter for Denial of Request for Time Extension — CondominiuPurchaseas— - South Carolina Sample Letter for Denial of Request for Time Extension — Historic Home Purchase

Dear [Applicant's Name], We regret to inform you that our company cannot grant your request for a time extension on the purchase of the home located at [property address]. After a thorough review of your application, we have determined that we are unable to accommodate your request due to the following reasons: 1. Expiry of Contingency Period: As outlined in the purchase agreement, the contingency period for completing the home purchase has already expired. The contingency period allows the buyer to conduct inspections, secure financing, and fulfill other necessary requirements within a certain timeframe. Unfortunately, your request for an extension has been received after the agreed-upon deadline. 2. Legal and Contractual Obligations: According to South Carolina state laws and regulations, adherence to contractual obligations is crucial in real estate transactions. Failing to abide by the agreed terms within the specified timeframe may result in the termination of the contract. Our company is committed to upholding these legal requirements for both parties involved. 3. Other Interested Parties: During the review process, we have received additional offers and expressions of interest from other potential buyers. Considering the competitive nature of the real estate market in South Carolina, it is essential for us to proceed promptly to ensure equitable opportunities for all interested parties. We understand that unforeseen circumstances and delays can arise during the home buying process. However, due to the aforementioned factors, we must adhere to the contractual timelines and protect the interests of all parties involved in this transaction. We appreciate your interest and efforts in pursuing the purchase of the aforementioned property. We recommend exploring other available options in the market to fulfill your housing needs. Should you require any assistance or have any further inquiries, please do not hesitate to contact our office. Thank you for your understanding. Sincerely, [Your Name] [Title/Position] [Company Name] Variations: — South Carolina Sample Letter for Denial of Request for Time Extension — Foreclosure HomPurchaseas— - South Carolina Sample Letter for Denial of Request for Time Extension — New Construction HomPurchaseas— - South Carolina Sample Letter for Denial of Request for Time Extension — Short Sale HomPurchaseas— - South Carolina Sample Letter for Denial of Request for Time Extension — CondominiuPurchaseas— - South Carolina Sample Letter for Denial of Request for Time Extension — Historic Home Purchase