Backup offer Due diligence Mortgages Title search 
Realty Biz
NOVEMBER 11, 2020
The Mortgage Financing Contingency. Even if the buyer has pre-approval for a mortgage, things can still go wrong when they apply for the loan. Issues like these could lead to a buyer not getting the mortgage they expect. One of the standard contingencies in nearly all real estate contracts is delivering a clear title.
HomeLight
DECEMBER 31, 2020
However, a number of hiccups can prevent those contingencies from being lifted, including: Irresolvable issues that arise during due diligence. Line up backup offers to hedge your risk. Just make sure that backup offer is one you’re willing to accept — because that backup is a legally binding contract, too.
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