The contract is an agreement between two or more parties.
So what is the common thread with these closings? The sellers on the two that are still in underwriting are the buyers of the other two. Everyone has moving vans lined up, they have contacted the utility companies to have power, cable and water switched into or out of their names, and they have nowhere to stay tonight because they thought they would be staying in their new home. No one is closing and everyone is frustrated. You’re buying a home. You’re excited to move in. Then the sellers ask if they can rent-back the property for 30 days after …