Tag

closing delay

“Houston, We Have a (Closing) Problem”: a Saga of an Encroachment, a Blown Closing, and — Eventually — a Happy Ending

When One Word (“PROPOSED House”) Looms Large Test your knowledge of encroachment issues, and see if you can detect a problem in the photo above. Give up? The northeast corner of the home on the pie-shaped lot clearly encroaches on the lot immediately to the east. Make that, the lot underneath the Minnetonka home my...
Read More

Fast Close = Strong Buyer (Usually)

Vetting the Buyer’s Finances Prior to closing, at least, the best evidence that a (non-cash) Buyer can financially perform is a Written Statement from a reputable lender. Typically given by the Buyer to the Seller a couple weeks after the deal has been struck, it says that the lender has:  a) completed vetting the Buyer’s finances,...
Read More

Archives