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Tag Archives: Real Estate

Bank settles with victims of real estate scheme

Bank of America has reached a deal to end a lawsuit by scores of investors who claimed they lost millions purchasing overvalued Carolina waterfront property. The terms of the settlement were not disclosed. The deal essentially ends a federal lawsuit ...

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Court Construes Contract’s Financing Clause (access required)

In this first-impression case, a Salem Circuit Court says inserting the handwritten phrase “subject to approval of financing” into a real estate contract’s clause on the closing date makes the purchase contingent on the buyer’s ability to obtain financing. There ...

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