Definition of alleviate for English Language Learners. : to reduce the pain or trouble of (something) : to make (something) less painful, difficult, or severe.
A mortgage commitment letter can take up to 4 weeks after an appraisal is complete so it is very important to set an appraisal date. Also note that in this market appraisals do not always come in at or above your accepted offer and an appraisal lower than accepted offer will lead to a renegotiation or change of terms. mortgage commitment letter can take up to 4 weeks after an appraisal is complete so it is very important to set an appraisal date. Also note that in this market appraisals do not always come in at or above your accepted offer and an appraisal lower than accepted offer will lead to a renegotiation or change of terms.
Buyer did not send us a mortgage commitment letter by Sept. 10. It is now the 18th. Can we break the contract.Closing Oct.9 and no house inspection 2 answers. i have a contract on a home and the loan commitment date has expired, its past the 30days.nowing how FHA loans work, as a former mortgage underwriter, I'm aware of just how long this process can take and this is one of my major concerns. We're not only far past the date that was set for the buyer to apply for a mortgage, but now past the date of acceptable commitment letter.