Financing Contingencies: What they are and when you should waive them

In today's highly competitive NYC real estate market, perspective buyers need to find creative ways to get a step ahead of the competition in order to get the properties they really want. One idea that comes up often is waiving the "financing contingency." So, what does this mean, what are the risks involved, and when might it be a fine idea? Top NYC real estate attorney Sandy Schwartz, Partner at Schwartz, Levine and Kaplan, PLLC, is back to share his insights.