Seller Late Carrying Out Repairs? Save Your Closing Date With An Escrow Holdback
The closing date is fast approaching on your new home but, alas, the seller is about as far off completing the repairs as you are from competing in the next Olympic games. Your latest walk-though was a disaster: you have a foot-long list of “not quite ready” items, the toilet’s still leaking and you could kick a football through the hole in the garden fence. Yet you have already packed up your belongings and hired a moving company to get you to your new home. What now? When will the seller finish the work? Can you close on time?