Quote:
Originally Posted by Randall55
In this case, if the buyer cannot secure insurance the sale is no longer valid.
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I think you can always get insurance. The question is the price and the policy limits. The clause should put state a price and the coverage on the insurance to be meaningful.
Same with a mortgage contingency. People with great credit may get a mortgage at 6% but people with horrible credit can probably get a mortgage at 10%.
I doubt if you can get both sides to agree to that language.