Contracts
A Hawaii purchase contract contains a financing contingency. If the buyer cannot secure financing, they may:
AA. Sue the seller for breach of contract
BB. Cancel the contract and receive their earnest money back✓ Correct
CC. Be forced to purchase the property anyway
DD. Extend the closing date without seller consent
Explanation
A financing contingency allows the buyer to cancel the contract and recover their earnest money deposit if they are unable to obtain the specified financing.
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