Contracts
In Kansas, if a buyer's financing contingency is approved but the lender requires certain repairs before funding, the buyer should:
AProceed to closing without addressing the repair requirements
BNegotiate with the seller to complete required repairs or adjust the price to resolve the lender's condition✓ Correct
CCancel the contract since financing is no longer straightforward
DUse a different lender without telling the seller
Explanation
When a lender requires repairs as a condition of funding, the buyer and seller typically need to negotiate who will complete the repairs or how the purchase price will be adjusted to resolve the lender's condition.
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