The financing contingency date in a real estate transaction is a critical deadline by which you must obtain a mortgage commitment letter from your lender. This letter is a lender's formal confirmation that you have been approved for a loan up to a specific amount, which is essential for moving forward with the purchase.

If this deadline passes without securing the mortgage commitment, the earnest money deposit you made as part of the agreement could be at risk. This means if you are unable to close on the property, you might lose this deposit.

Given the significance of this date and its potential implications on your transaction, it's highly advisable to consult directly with your attorney at Touchstone. They can provide personalized advice and guidance, ensuring you understand and meet all necessary deadlines in your real estate transaction.