For example, the real estate contract might have a financing contingency for the buyer to procure a loan from a mortgage lender. A listing agent may feel confident enough that the prospective buyers will have no problem satisfying the loan contingency. So, instead of changing the status to cond...
Again, it depends. If you’re set on making an offer on the home, speak with your real estate agent. Your agent may have more insight as to the home’s status and whether the sellers are entertaining backup offers. If you are represented by an agent, this is not a solicitation of yo...
A conditional contract is a more general term meaning any contract containing one or more conditions that must be fulfilled for the contract to be fully binding. Simply put, all contingent contracts are conditional ones but not all conditional contracts are contingent ones. The conditions in a con...
Pending short sale:“Pending short sale means” that the property is approaching the end of ashort-sale, meaning the seller is unlikely to accept offers. Pending more than four months:Pending more than four months means that the property has held pending status for more than four months and ...
“BLUE SKY” LAWS. THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON BENEFICIAL AND CONSTRUCTIVE OWNERSHIP AND TRANSFER FOR THE PURPOSE OF THE CORPORATION’S MAINTENANCE OF ITS STATUS AS A REAL ESTATE INVESTMENT TRUST UNDER THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (...