Definition of Pending - Taking Backups:

Pending - Taking Back-Ups In Orange County, Ca:

After the Orange County seller has accepted the buyer's offer, the transaction might run into some obstacles; for example, the buyer might have to sell their home first, or they might have trouble getting a conventional home loan because they can’t prove their income, so they have to try and secure a private money (or hard money) loan. The seller's listing agent is able to change the home's status to Pending - Taking Backups, which will allow the seller to consider backup offers in case the original offer falls apart – in essence, not putting all their eggs in one basket.


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