Til The Contract News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Rick? >> rick: jennifer, thank you very much. switching gears. let's 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 what's 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? >> variety of reasons. sometimes it's as simple as the buyers getting picky and he goes in and ge...

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 don't die tonight, we saw one of our, quote, police, that guard the compound taking pictures. sean smith could have been referring to the libyan government police that guarded the per...

Far of excess. so they're look for conservative appraisals that. could be why people don't qualify for mortgages. >> rick: aren't they penalties if you back out? >> it depends. so this is important. if you have a well drawn contract, it's going to have contingencies in it. case going to say, if you don't pay us the home inspection, what your options are. unfortunately, sometimes the option is just for the seller to fix it. but sometimes you'll never be happy in that house because it will never be fixed to your satisfaction. so you really want to be sure that you have a way to get out of the co...

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