Escrow & Title
A NC closing at which the buyer does not have sufficient funds to close due to a last-minute change in loan terms would be:
ACompleted anyway by the attorney
BPostponed or potentially terminated as a buyer default if funds cannot be obtained✓ Correct
CAutomatically resolved by the lender
DA seller's fault
Explanation
If the buyer cannot fund the closing due to loan changes, the closing must be postponed or the buyer may be in default. Lenders must give notice of significant loan changes, and the buyer has rights under TRID.
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