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How Layoff Fears Trigger Use of Homebuying Escape Clauses | Your Money Briefing | WSJ

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A contingency clause is often written into the contract between a home buyer and seller if either party suspects significant financial changes could force them to back out of the deal.

WSJ personal-finance reporter Veronica Dagher joins host J.R. Whalen with more.

Photo: Larry Downing/Reuters

0:00 Who writes contingency clauses into home buying contracts?
2:51 Where in the home buying process do escape clauses come into play?
4:12 How the housing market has affected contingency clauses
5:32 Other reasons for writing clauses in contracts

Your Money Briefing
WSJ's personal-finance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes.

For more episodes of WSJ's Your Money Briefing: https://link.chtbl.com/WSJYourMoneyBriefing

#Contract #HousingMarket #WSJ
Category
Television
Tags
layoffs, job loss fears, homebuying escape clause
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