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  2. Can a seller back out of a real estate contract? - AOL

    www.aol.com/finance/seller-back-real-estate...

    “Generally, a seller can’t cancel without cause,” Schorr says. “You could build in some contingency, but absent that, you had better be committed to the sale.” Reneging because you fear ...

  3. What can a seller do if a homebuyer backs out of the contract?

    www.aol.com/finance/seller-homebuyer-backs...

    Escrow can be canceled at any time during the transaction, up until all of the contingencies written into the offer have been met. Timing is crucial during this phase, though.

  4. Escrow -- It's What Happens After Your Homebuying Offer Is ...

    www.aol.com/news/2012-12-05-closing-escrow-tips.html

    The escrow process But you haven't given up, and finally you get the call from your real estate agent: Your latest offer has been accepted! You might think it's the end of the road to property ...

  5. Escrow - Wikipedia

    en.wikipedia.org/wiki/Escrow

    Escrow is an account separate from the mortgage account where deposit of funds occurs for payment of certain conditions that apply to the mortgage, usually property taxes and insurance. The escrow agent has the duty to properly account for the escrow funds and ensure that usage of funds is explicitly for the purpose intended.

  6. Rescission (contract law) - Wikipedia

    en.wikipedia.org/wiki/Rescission_(contract_law)

    In contract law, rescission is an equitable remedy which allows a contractual party to cancel the contract. Parties may rescind if they are the victims of a vitiating factor, such as misrepresentation, mistake, duress, or undue influence. [1] Rescission is the unwinding of a transaction.

  7. Mechanic's lien - Wikipedia

    en.wikipedia.org/wiki/Mechanic's_lien

    Mechanic's liens are enforced exclusively through judicial foreclosure sales, i.e., through court proceedings similar to mortgage foreclosures. The court must determine whether the requirements of the statute have been met and, if so, the priority of the mechanic's lien being foreclosed relative to the other liens or encumbrances on the title.

  8. Listing contract - Wikipedia

    en.wikipedia.org/wiki/Listing_contract

    A listing contract (or listing agreement) is a contract between a real estate broker and an owner of real property granting the broker the authority to act as the owner's agent in the sale of the property.

  9. Escrow insurance: What is it and when you need it - AOL

    www.aol.com/finance/escrow-insurance-235640110.html

    The real estate escrow, also known as a pre-sale escrow, is designed to protect the buyer and the seller if the purchase falls through. Sellers can request earnest money as a show of good faith ...

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