Closing delayed due to title company ommission
We were all set to close on a rental that I'm selling but the buyer refuses to close because our title company did not provide him with a municipal lien search, which is part of the contract. Closing was set in the contract for today but will now be delayed because the search will take 7-10 days. My carrying costs for this property are around $50/day. I have a good relationship with this title company and don't want to damage it but my wife is not happy with the delay and having to absorb the additional carrying costs. Buyer is a cash buyer so no delay on his part. Should I ask the title company to absorb the additional carrying cost? Is this something they would consider since the delay is due to their oversight?
Thanks?