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What Is a Financing Contingency in a Real Estate Contract?
Financing contingency Ohio real estate: A financing contingency conditions the buyer’s duty to close on obtaining specified financing within defined terms and deadlines. It protects diligent buyers, not buyers who abandon the loan process or reject financing that satisfies the contract. Real-estate disputes often turn on a few words in a contract, deed, disclosure, survey, or recorded instrument. The practical facts matter too: who gave notice, what the parties knew, whether deadlines were met, and what reliable records show. This guide explains the general Ohio framework in plain language, but individual documents and county practices can change the result. In this guide Financing contingency Ohio real estate: the short answer…