Active Contingent: in a simple words is the addition of language pertaining to the seller's and buyer's needs in order to complete the sale. Contingency contract language can range from a simple statement to window treatments, to major repairs or seller need to sell in order to purchase next home.
On Active contingent If you really like that property you can submitt an offer as a back up. Meaning if
it does not go through the first contract due to the contingency, yours can be in first place.
Maria Cipollone http://www.FlaHomeSpecialist.com
This may not be accurate, but in my experience listings in Chicago are usually marked as :
PEND (short for pending), usually happens when all contingencies are met and the home is just waiting for closing to happen.
A/I (short for attorney review and inspections), usually happens when a home is under contract but in the initial attorney review and inspection phase.
SS (short for shortsale), usually shows up when a shortsale seller has signed an offer and is under contract awaiting bank response.
HS24, HS48, HS72, HC24, HC48 all imply a homesale contingency or home closing contingency, and the number of hours (i.e. 24, 48) that the under contract buyer would have to remove their contingency should the sellers agree to work with an alternate buyer.
Hope this helps!
Active Contingent, could be a variety of circumstances, but it means that there is a fully executed
contract on the table, but there are still contingencies that need to be taken care of, before the property will go into pending. During that time, more often than not a back up offer will be accepted, so that if
the contingencies will not be met and taken care of, the back up offers can then be negotiated..
I hope this explanation helps
Edith YourRealtor4Life & Chicago and Northern Illinois Expert
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Pending means it is under contract without any 'sale contingency', just the normal attorney review/inspection/mort contingency which usually means 99% of the time that they will not bother showing it.