Tag Archives: contract of sale

Mortgage Contingency Clause- The Lifebuoy For Buyers in a Contract of Sale

By kalantarovlaw | Real Estate | 0 Comments

What is a Mortgage Contingency Clause in a Contract of Sale and Why is it Important For Buyers? A mortgage contingency clause in a Contract of Sale allows the buyer to withdraw from the agreement without financial penalty if they are unable to secure a mortgage loan under specified terms and conditions. A mortgage contingency […]