Contracts
A buyer's financing contingency typically allows the buyer to void the contract if:
AThe appraisal comes in above the purchase price
BThe buyer cannot obtain financing at agreed-upon terms within the specified period✓ Correct
CThe seller refuses to make repairs
DThe title company is unavailable
Explanation
A financing contingency protects the buyer by allowing them to exit the contract without penalty if they cannot secure financing at the terms specified in the contract.
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