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Small Prob With Title UPDATED

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bikramaddict
mommy-to-be

Member since 8/06

4376 total posts

Name:

Small Prob With Title UPDATED

My lawyer called this morning to tell me there's a slight problem with the title....apparently, a certificate of occupancy is not available. They told me it may take a day or two to resolve; it may take longer and ultimately, delay my closing. Chat Icon

ETA:

Ah....problem solved only a few hours later. I'm a very nervous person but feel so much better now! Everything is on track...yay!!!

Message edited 11/21/2006 2:42:30 PM.

Posted 11/21/06 10:31 AM
 
Prudential Douglas Elliman Real Estate
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Marcie
Complete Happiness :)

Member since 5/05

27789 total posts

Name:
LOVE being a Mommy!

Re: Small Prob With Title

Oh no! Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon

Hopefully they can get things done quickly

Posted 11/21/06 10:45 AM
 

~Colleen~
my loves...

Member since 5/05

9129 total posts

Name:
guess

Re: Small Prob With Title

This happened with us. We wound up closing (after the 2 week delay) without the CO but had it stipulated in the contract that the previous owner (in our case, the executor) was responsible for getting the CO. We wound up getting it about 2 months after we closed (mostly b/c of our schedule - not theirs).

Posted 11/21/06 10:45 AM
 

icusuezq33
LIF Zygote

Member since 11/06

8 total posts

Name:
Susan

Re: Small Prob With Title

sometimes money can be put in escrow for the c/o at closing, some title companies will work with the attorney to make the closing happen

Posted 11/21/06 11:49 AM
 
 

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