Contracts
The Colorado CBS contract requires the seller to provide a title commitment to the buyer by a specific deadline. If the seller fails to provide the title commitment on time, the buyer may:
AA. Immediately terminate and receive an earnest money refund✓ Correct
BB. Waive all title objections
CC. Sue the seller for punitive damages
DD. Only extend the closing date
Explanation
Under the Colorado CBS contract, if the seller fails to deliver the title commitment (and title documents) by the deadline, the buyer has the right to terminate the contract and receive a return of the earnest money.
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