RML Closing GuaranteeClosing Guarantee • March 28th, 2024
Residential Mortgage, LLC (“RML”) agrees to pay the Seller the earnest money amount under the purchase contract, up to $10,000.00, should this transaction with subject property described below not close with RML due to financing, excluding property related issues such as, but not limited to, an appraisal or clear title, and excluding significant changes in borrowers’ circumstances such as loss of job or changes in credit or an increase in liabilities that affects their ability to qualify. RML will pay the Seller within thirty (30) business days after the transaction has been determined it will not close due to financing.