Category: Tip of the Week

Although a buyer may be entitled to send the seller an OREF 064 – Notice of Unconditional Disapproval and thereby terminate the Sale Agreement, that termination is only a unilateral termination, not a joint termination.  Title companies almost always require joint instructions to terminate escrow

Identifying a proper contingency: You see a lot of contingencies throughout your business. Here are some things to look out for to ensure an adequately written contingency: Deadline for When the contingency Must be Met: For example, “February 15th, 2024”; Specific Terms: For example, “Seller