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A financing or mortgage contingency is a written provision in the home purchase agreement that says you and the builder or seller of the home agree that if you, the buyer, are unable to acquire the mortgage within a fixed period of time, the deal can be called off and your earnest money returned.
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Riding the crest of a real estate boom, American Home Mortgage soon had thousands of investors from all over the state who put their pension funds in residential and commercial properties, earning.
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