What Buyers Need to Know About Making an Offer on Active Contingent Listings
HomeLight
JANUARY 13, 2022
Most commonly, issues may arise if there’s a dispute over ownership, likely due to family disputes or divorce proceedings , or if there are any liens against the property due to debts owed to contractors, unpaid taxes, or bankruptcy. In these cases, title contingencies protect the buyer by allowing them to back out of the sale.
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