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Form 22 a Part 2

Form 22 a Part 2

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Instructions and help about form 22 a part 2

hi i'm andy fitzsimmons i'm your washington realtors legal hotline lawyer this video is one of those in the series covering the revisions to the statewide forms released on march 3rd 2021 this video is going to discuss form 22a the financing contingency and the most significant change to the financing contingency is the inclusion of additional option that creates two different very different types of financing contingency under our pre-march 3rd statewide form system financing contingency buyer and seller only had one option for a financing contingency and that financing contingency effectively gave buyer a financing contingency that stretched all the way to closing and the only way that financing contingency would ever be cut off shorter than closing was if seller delivered what was known as a notice of right to terminate form 22ar if seller delivered the 22 ar notice of right to terminate then buyer would have three days to waive their financing contingency if buyer didn't waive the

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