Q: real estate question, my lawyer is having problems sending money to seller laywer. Closing date delayed to day 3, advice
Hi,
I purchased a house. My closing date was July 27. My lawyer cleared all papers, and received the mortgage money from my bank. There was a problem with the transaction between my lawyer and selling lawyer. Now my closing is delayed 3 days, and I have to evacuate my current place. My lawyer just telling me to wait, but I need to do something, and I need advice about my options here. Please advice me if there is anything I can do? or is there any law/policies that might help me out?
Thanks
A: Apparently you agreed to reschedule the the execution of the contract to purchase real property. My suggestion is you and your lawyer show up promptly on the day and time agreed upon with certified funds and make a tender. If no deed is received, then file suit the next day for specific performance, unless your contract restricts you to liquidated damages.
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