Export codes, also known as Schedule B numbers, are administered by the U.S. Census Bureau. All import and export codes used by the United States are based on the Harmonized System (HS). The HS assigns 6-digit codes for general categories. This 6-digit code is known as the Harmonized System number.
Good evening. Typically a real estate contract will contain several contingencies. Common contingencies include a contingency for an inspection, for an appraisal, and/or for financing. This means that the buyer's obligation to perform is subject to satisfaction of these contingencies. A release by the buyer of the contingencies means that that the contingencies have either been satisfied or waived and the contract is no longer contingent upon these items. The result is that the buyer no longer has any right to terminate based on any of the contingencies. I hope this has given you information that has been helpful to you. If the information seems more general than specific, please be aware that we are only allowed to provide information and not specific advice.
Contingency and commitment are terms that relate to the approval of a purchase loan through a lender. Mortgage contingency is a clause written into a sales contract making the contract void if no mortgage can be obtained. A commitment is an official approval from the lender that satisfies the mortgage contingency. A mortgage contingency clause in a sales contract will specify the date at which the seller expects the buyer to have a commitment in place. This date will typically be a week or two prior to the anticipated closing date.