Sunday, October 08, 2006

Tip 99: What, you’ve changed your mind?

Expect last minute surprises. A deal can be called off because:

· The buyer could not get financing and has no money of his own,
· Something went wrong with the title search or an insurance detail was not dealt with,
· Someone suddenly is afraid and wants to back out, or
· Some personal emergencies – like a sudden death in the family or terminal illness – are forcing the parties not to go through with the deal.

Whatever happens, just make sure you’re not walking up the path towards financial ruin.

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