Backup offer Finance Mortgages Title search 
RIS Media
APRIL 8, 2022
Finances falling through. Since most homes are financed, and financing isn’t guaranteed until a buyer has signed the dotted line, failure to secure funds can put a home back up for sale. While financing may be pre-approved, the process is complex. Most homebuyers can’t afford to carry two mortgages simultaneously.
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.
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HomeLight
DECEMBER 31, 2020
The buyer’s financing with a lender. Most buyers will add a number of contingencies to the contract, such as the home inspection, appraisal, and financing contingency. Buyer encounters financial trouble and their financing falls through. Title work reveals unresolved issues. Line up backup offers to hedge your risk.
Windemere Buying
JUNE 22, 2022
Making an offer on a house feels like a reason to celebrate. You’ve applied for financing , worked with your agent to search for available listings, put in time attending open houses, and have found the place you’re ready to call home. So, what happens after you make an offer on a house?
HomeLight
JANUARY 13, 2022
In other words, the primary deal on an active contingent listing might (maybe) fall through, causing sellers to place their home back on the market — or accept a backup offer. “I Financing contingencies. And if you can’t get financed for the house, you won’t still be obligated to buy it — a big benefit!
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