Contracts
A Nebraska purchase agreement's financing contingency protects the buyer if:
AThe appraised value exceeds the purchase price
BThe buyer is unable to obtain the financing specified in the contract✓ Correct
CThe interest rate decreases after signing
DThe lender requires a larger down payment than originally planned
Explanation
A financing contingency allows the buyer to void the contract and recover their earnest money if they are unable to obtain the type, amount, and terms of financing specified in the agreement.
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