What are some common reasons for mortgage approval delays during the pending phase?

Mar 5, 2021 ... A sale pending (or active under contract) status simply means that the home seller has accepted an offer from a potential buyer, but the deal is yet to close. Apr 14, 2023 ... What Does Contingent Mean? As a general term, contingent means “upon certain conditions being met.” In the context of real estate, it means that ... Oct 13, 2022 ... When a property is pending, it is firmly under contract, and there are no longer any contingencies left on the sale. Once a home is listed as ... Feb 14, 2024 ... “Pending” typically means that the seller has accepted an offer on the property and the sale is in progress but not yet finalized. Jul 31, 2020 ... When a real estate listing goes from pending to active, it signifies that a previously agreed upon sale has not been finalized, and the property ... A property is considered pending after the owner has accepted an offer from a buyer. ... What Does Off-Market Mean in Real Estate? In a hot market with limited ... The basis of the pending status is that an offer has been accepted, and there's a binding contract between the buyer and seller. That doesn't mean that the sale ... Mar 21, 2023 ... A house for sale that's pending means there is an accepted, binding contract, and all contingencies have been resolved. During this time, ... Nov 6, 2024 ... What does "pending" mean in real estate? A pending sale status means the seller has accepted an offer from a hopeful buyer, but the deal hasn't ... For those of you wondering, “What does pending mean in real estate,” it basically means that the seller has accepted an offer from a buyer. They have agreed on ...