Managing Seller Risk in the Limbo Period
Consider a deal in which all of the buyer’s outs under the contract have expired, so the buyer’s earnest money has gone “hard,” but the seller knows that the buyer will have significant challenges to close. For example, the buyer’s loan objection deadline has passed and the buyer doesn’t have loan approval. Can the seller kick the buyer out of the deal at that point? No, not under the Colorado approved contract form. Learn how to manage that risk for sellers.