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If my client’s sale falls through, are they obliged to sell their property to ClozeSure?

No, they are not obliged to sell their property to ClozeSure and are free to keep their property or sell it to another party.

ClozeSure is a Purchase Option Agreement granted by us to the property seller, that obligates us, if triggered by the seller, to acquire the property in the event that the seller’s contract of sale fails due to their buyer’s default.