Remove Backup offer Remove Earnest money deposit Remove Mortgages Remove Title search
article thumbnail

What Does Contingent Mean in Real Estate Sales

Realty Biz

They will also get their earnest money deposit back , and the home will go back on the market. 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. Maybe they have an unsubstantiated cash deposit ?