Contracts (alternative)
In Maryland, a 'subject to financing' contingency in a buyer's offer protects the buyer if:
AInterest rates fall after the offer is accepted
BThe buyer cannot obtain the type, amount, and terms of financing specified within the contingency period✓ Correct
CThe seller changes their mind about selling
DThe home inspection reveals issues
Explanation
A financing contingency protects the buyer from being bound to purchase if they cannot obtain financing on the specified terms. The contingency typically requires the buyer to apply in good faith.
Related Maryland Contracts (alternative) Questions
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