What Can Delay a Closing?
It’s unfortunately all too common for home settlements to be delayed unexpectedly. Real estate transactions are complex, which means that many factors pose the risk of delay or, even worse, cancellation.
Before you approach your own settlement date, make sure you understand the most common reasons why a real estate closing may be delayed and avoid those pitfalls.
Title Report Red Flags
In order to buy or sell a home, you must possess a free and clear title. This document proves legal ownership of a real asset — like a home — and must be clear of debts, liens, and credit claims in order to be transferred in a real estate transaction. Read more
