Updated over 9 years ago on . Most recent reply
REO'S
Hello,
I would like to know what's the one contingency i can add to a real estate purchase contract when dealing with REO's in case i have to back out of the deal if my end buyer decides to back out of the deal. I need one good solid clause.
Thanx
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Steve Vaughan
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#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
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Steve Vaughan#1 Personal Finance Contributor
#1 Personal Finance Contributor
- Rental Property Investor
- East Wenatchee, WA
'subject to partner approval'
It is a weasle clause as John mentions. I wouldn't accept that as a seller.
Always treat your natural person sellers with dignity. Don't waste their time if you don't have a buyer lined up.