MORTGAGE-CONTINGENCY CLAUSE
mortgage-contingency clause.A real-estate-sale provision that conditions the buyer’s performance on obtaining a mortgage loan. [Cases: Vendor and Purchaser 79. C.J.S. Vendor and Purchaser ยงยง 125, 141.]
[Blacks Law 8th]
mortgage-contingency clause.A real-estate-sale provision that conditions the buyer’s performance on obtaining a mortgage loan. [Cases: Vendor and Purchaser 79. C.J.S. Vendor and Purchaser ยงยง 125, 141.]
[Blacks Law 8th]