[quote=SD Realtor]People that throw in all cash offers and then change the financing terms in escrow are defaulting on the contract. They usually get punted because there are higher financed offers.[/quote]
Thanks for adding this. The claims that this was regularly happening seemed dubious to me. One of the main advantages to a seller of accepting an all-cash offer is a quick closing. And as HLS has pointed out, it’s extremely difficult and unlikely to get a loan closed in less than 30 days. That this was actually happening seemed more speculation than based on reality or any first hand knowledge.
