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2. Can you back out of a house offer once it’s been accepted?

   www.aol.com/finance/back-house-offer-once...

   A clause in a purchase agreement that gives buyers and sellers the right to cancel a contract if certain terms aren't met. For example, a mortgage contingency requires the buyer to secure a ...

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

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

   Building contingencies into the contract: Most real estate contracts have contingencies that give sellers cause to back out. For instance, the seller may say they will only sell their property if ...

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

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

   A buyer can back out of a home purchase even after signing a contract if all agreed-upon contingencies are not met. Common reasons for buyers to back out include issues revealed during a home ...

5. 72-hour clause - Wikipedia

   en.wikipedia.org/wiki/72-hour_clause

   The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the seller to continue to market the property. The 72 hour clause is usually written into sales contracts by the seller, this allows a seller to keep the home on the market and accept backup offers ...

6. Real estate contract - Wikipedia

   en.wikipedia.org/wiki/Real_estate_contract

   The successful sale of another house may be needed to finance the purchase of a new one. Appraisal contingency – Purchase of the real estate is contingent upon the contract price being at or below a fair market value determined by an appraisal. Lenders will often not lend more than a certain percentage (fraction) of the appraised value, so ...

7. Assignment (law) - Wikipedia

   en.wikipedia.org/wiki/Assignment_(law)

   An assignment does not necessarily have to be made in writing; however, the assignment agreement must show an intent to transfer rights. The effect of a valid assignment is to extinguish privity (in other words, contractual relationship, including right to sue) between the assignor and the third-party obligor and create privity between the obligor and the assignee.

8. Homebuyers: 3 'Weasel' Contingencies a Contract Needs - AOL

   www.aol.com/news/2011-06-27-home-buyers-three...

   For the seller, contingencies are the obstacles standing between him and a closed deal. For a buyer, they're the essential protections that could separate Homebuyers: 3 'Weasel' Contingencies a ...

9. HUD-1 Settlement Statement - Wikipedia

   en.wikipedia.org/wiki/HUD-1_Settlement_Statement

   The HUD-1 Settlement Statement is a standardized mortgage lending form in use in the United States of America on which creditors or their closing agents itemize all charges imposed on buyers and sellers in consumer credit mortgage transactions. The HUD-1 (or a similar variant called the HUD-1A) is used primarily for reverse mortgages and ...