The date has been set, and you have been revolving everything around it. Your movers, packing, and your life. The closing is finally here and ready to go. But there is a problem. The toilet exploded at the walkthrough, the tub stopper doesn’t work, and the entire bathroom must be ripped out to fix it; the oven is missing, the ceiling is missing, and the walkthrough has been a nightmare. So now what…do we stop the closing?

Most properties close. It can be costly to reschedule a closing, and often if there is an issue at a walkthrough, it is resolved before or at the closing so the closing can happen. Rescheduling a closing has fees associated with it, and also, your mortgage papers could be expiring, your movers may be set, and your life is now on hold so often this is why it’s not, and your attorney can resolve the problem with the other attorney being mutually beneficial to both parties.

Any other questions? Reach out to us at www.therealestatebroadsofnewyork.com, or you can email us at deniseandsharon@compass.com.

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