Practical buying guidance — inspections, contracts, contingencies, offer strategy
A mortgage commitment letter is a conditional promise, not a binding loan approval. The conditions it contains are the legal fault lines where transactions fail.
Waiving your inspection contingency to win a bid feels strategic. The legal exposure it creates is real and documented. Here’s what you need to know before you sign.
A buyer who misses the contingency removal deadline has either waived the contingency or handed the seller the right to cancel — depending on which state they’re in.