I have had several brokerages institute high minimum liability limits ($250k/$500k/$100) for their agents and have their personal auto policy include a "business use" endorsement... but asking every agent to get a commercial policy and name them as AI is over the top and not reasonable.

I suspect every state has its own set of rules; out here, it can only make you whole - i.e. you bought a property for $50k that was supposed to be clear of any liens, get a search & insurance, and then later find an existing contractor's lien for $10k, they will be responsible for paying that fee, not reimbursing you for a $100k sale that went south when it was discovered, or something similar.

The only reasons to select a financing contingency is that a lending institution will want to see it in the contract and that the seller is alerted to the timeline.  

A few years later, I discovered this subject I love very much, Personal Development.

These fines were not discovered until the day before us selling the property by our buyer's attorney, who ran a municipal search using the previous owner's name in addition to the property's address.

I am from the Detroit area and discovered BP a couple weeks ago.  

I have represented financial institutions in hundreds of mortgage and lien foreclosure cases.  

Will Track Secret Buyers of Luxury Real EstateIf you buy Luxury RE in a LLC the government is now requiring title companies to discover your identity.Question: how long before everybody that buys RE in a LLC will be tracked, luxury or not?

The account switches to "closed" as-is and freezes in place without having a chance to exit "new account" status.The same lender will not let you do close them within 180 days because it starts to look like the institution is "churning" you to collect fees and whatnot, which is a big no no.

I just discovered them myself a few days ago, so I don't know too much about them.