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Financing Contingency

Definition of term

A Financing Contingency is a condition listed in real estate purchase contracts. The Financing Contingency protects the buyer if they cannot obtain financing or meet other contract requirements. The contingency is typically related to the buyer's ability to obtain financing. The buyer may be able to back out of the contract and recover their earnest money deposit if their loan is not approved by the lender’s underwriting division.

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Nashville, TN 37214

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