Putting an offer on a home and going under contract is a major step toward making what is likely the biggest purchase of your life -- so it can be nerve-wracking when there are still unknowns, such as ...

In real estate transactions, the term “contingency” comes up a lot. Why do you hear it so often, and what does it mean? A contingency is a clause added to the contract to give the parties the option ...

Contingent payment clauses are often used in connection with contracts between general contractors and subcontractors or subcontractors and lower tiered subcontractors. Essentially, this type of ...

They are two of the most common little words in the English language – if and when – but they can mean a lot to subcontractors in terms of bringing in precious revenue. The existence of “pay-when-paid ...

When you’re working in an online document, the “undo” function can be an invaluable tool. So can a contingency clause when you’re looking to buy or sell a home. Real estate contingencies provide a way ...

Sellers don't like offers that are contingent upon the sale of the buyers' home. Buyers don't like to make offers on homes that are contingent upon the sellers' finding a replacement home. The reason ...

A bump clause lets sellers enter into a contract with a buyer while still continuing to market the property. If the sellers get a better deal, they can "bump" the original buyer. It’s most commonly ...

Scott Mollen discusses "Mason v. Pembroke NY," where a purchaser breached contract by failing to comply with mortgage contingency clause in applying for a larger mortgage than permitted by the clause, ...

We have had our home on the market for three months, and finally received an offer last week. The price that the buyer is offering is fine with us, but the contract includes a “loan contingency” ...