It is important that the contract have provisions included in it for handling closing problems and delays. Many contracts do not cover the issue of short delays. If these delays are not addressed in the contract, the party who is ready, willing and able to close will have to bear any costs resulting from the delay of closing. It is critical that the contract contain a full range of remedies for failure to close including a specified daily charge to be paid by the seller for failure to close or vacate the property by the closing date.
Someone Find out how often someone has sued or been sued, and about bankruptcies and liens.
It provides general legal information to help people understand their legal rights in 100 legal topics, but is not a substitute for personal legal advice from an attorney. AS IS, subject to our disclaimer and conditions of use . All Rights Reserved. You may submit them to our Consumer BBS-Forums .