TITLE

Reservation Agreements in housing transactions

PUB. DATE
February 2020
SOURCE
Mortgage Finance Gazette;Feb2020, Vol. 151 Issue 1848, p17
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The idea of Reservation Agreements between home buyers and sellers in order to reduce the number of sales falling through is being worked on by the industry. The Home Buying and Selling Group (HBSG) set up a working group, chaired by Beth Rudolf, director of delivery at the Conveyancing Association. The initial recommendation from the HBSG working group is that the agreement will be conditional upon the information available at the point of acceptance of offer and the buyer and seller's circumstances.
ACCESSION #
141521093

 

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