What Buyers Need to Know About Making an Offer on Active Contingent Listings
HomeLight
JANUARY 13, 2022
You’ll likely need this type of contingency even if you’ve been preapproved for a mortgage as that process does not guarantee that you’ll get a loan. Financing contingencies may also be called loan contingencies. In these cases, title contingencies protect the buyer by allowing them to back out of the sale.
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