They are two of the most common little words in the English language – if and when – but they can mean a lot to subcontractors in terms of bringing in precious revenue. The existence of “pay-when-paid ...

Contingent payment clauses are often used in connection with contracts between general contractors and subcontractors or subcontractors and lower tiered subcontractors. Essentially, this type of ...

In real estate transactions, the term “contingency” comes up a lot. Why do you hear it so often, and what does it mean? A contingency is a clause added to the contract to give the parties the option ...

Scott Mollen discusses "Mason v. Pembroke NY," where a purchaser breached contract by failing to comply with mortgage contingency clause in applying for a larger mortgage than permitted by the clause, ...

We have had our home on the market for three months, and finally received an offer last week. The price that the buyer is offering is fine with us, but the contract includes a “loan contingency” ...

Sellers don't like offers that are contingent upon the sale of the buyers' home. Buyers don't like to make offers on homes that are contingent upon the sellers' finding a replacement home. The reason ...

From trapeze artists to baseball spectators seated behind home plate, everyone appreciates a good safety net. Homebuyers and sellers are no exception, which is why contingency clauses continue to be ...

When a buyer’s offer on a home has been approved by the seller and the deal goes into contract, the purchase agreement often includes a mortgage contingency, a clause that means any final purchase ...

If you are buying a home, there are two things you should never, under any conditions, waive. The first is home inspection, along with your right to unilaterally withdraw your offer based on the ...