Backup offer Earnest money deposit Title search 
Realty Biz
NOVEMBER 11, 2020
They will also get their earnest money deposit back , and the home will go back on the market. One of the standard contingencies in nearly all real estate contracts is delivering a clear title. In real estate jargon, this is referred to as a “backup offer.”
Redfin
JUNE 11, 2025
Title contingency A title contingency gives the buyer the right to review the results of a title search and cancel the contract if any issues related to ownership or property rights are uncovered. The title company typically conducts this search shortly after the contract is signed.
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