Til The Contract News Today

Rick? >> rick: jennifer, thank you very much. switching gears. lets talk about the housing market. good and bad news to tell you about. independent research firm finding about 18% of side contracts on existing homes are being canceled. and reports renegotiations are up 30% from earlier in the year. so whats stopping home sellers from closing? patricia powell is founder and ceo of powell financial group. good to see you. thanks for being here. why are people doing this? why would they back out?...

Committee hearing this week. the state department hired blue mountain group, a private security group out of wales, to vet and hire local guards for the consulate. the contract was worth nearly half a million dollars. indications that the local guards may have been casing the consulate were first revealed in an on-line post by sean smith, on a gaming web site where he went by the name vile rat. quote, assuming we dont die tonight, we saw one of our, quote, police, that guard the compound taking ...

Far of excess. so theyre look for conservative appraisals that. could be why people dont qualify for mortgages. >> rick: arent they penalties if you back out? >> it depends. so this is important. if you have a well drawn contract, its going to have contingencies in it. case going to say, if you dont pay us the home inspection, what your options are. unfortunately, sometimes the option is just for the seller to fix it. but sometimes youll never be happy in that house because it will never be fixe...

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