What are some reasons that a closing will be delayed?
What are some reasons that a closing will be delayed? | EquiTrust Title Company | Brian J. Ditthardt | http://www.equitrust-title.com/ | (850) 845-0233 | 42 Business Center Drive, #106, Miramar Beach, Florida 32550
There are many moving parts in a real estate transaction. It's not like buying title to a car, so I highly recommend that you have an attorney in your corner as part of that process. Some of the more common areas of delays would be mortgage approval. That's a big one. The mortgage needs to be approved for closing. There may be title defects. If you're dealing with a Homeowners' Association or a Condo Association, there may be delays in the approval process. There may be municipality liens or open permits that come about. They have to be cleared before we close. So definitely have an attorney in your corner.