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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.
No, they are not obliged to sell their property to ClozeSure and are free to keep their property or sell it to another party.
The ClozeSure Guarantee takes the form of a put option granted by ClozeSure to the property seller, that obligates ClozeSure, 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.