The buyers wrote their offer contingent upon their ability to obtain financing
the most likely scenario in the event of the bank denying their isan?
●A.
The buyer will receive the earnest money back, as the contract became vid
when the contingency could not be satisfied.
OB. It could be determined the buyer committed fraud by writing an offer while
being unable to meet the requirements for financing.
OC. Most likely the seller will bring action against the buyer to be compensated for
liquidated damages they have incurred.
OD. The agent's commission would be deemed earned for having brought about a
meeting of the minds between a seller and a ready, willing, and able buyer.
