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Updated over 5 years ago on . Most recent reply

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Tanya Robson
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Protection from seller changing VTB terms during due diligence?

Tanya Robson
Posted

Wanted to find out if anyone has advice on structuring owner financing. Once an offer is accepted with these terms and the due diligence period is entered-what happens if the owner wants to change their financing terms or pull financing? Is there a protection clause to use that would make them responsible for any expenses incurred during the inspection period if the contract folds because of this? (eg. inspection costs, ESA costs). 

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