Contracts
Under Wisconsin law, if a buyer's financing contingency deadline passes without the buyer obtaining a commitment, the seller may:
ATerminate the contract immediately
BProvide written notice to the buyer that they must waive the contingency or the contract is void✓ Correct
CReduce the price to help the buyer qualify
DDo nothing and wait for closing
Explanation
Under the WB-11, if a financing contingency deadline passes without a commitment, the seller may provide notice requiring the buyer to waive the contingency or the offer becomes void.
Related Wisconsin Contracts Questions
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