Posted by Randy (SD) on October 22, 2003 at 11:55:27:
Before you criticize your buyer for ?Preparing to close? on the property, you might ask the new agent if it is a binder intended to go into effect the day of closing. This is a good move on the part of a buyer know he has insurance and is able to close rather than waiting and possibly not being able to get insurance? don?t punish them for good planning.
Also you ask ?can you use this to back out?? No, not necessarily ? do you want to back out?