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Amir Kiani
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Title Company refuses to close, asking seller for more documents

Amir Kiani
Posted Jul 30 2020, 19:57

The title company (underwriter) refuses to close on the closing date (which has already passed), asking the seller to provide more legal documents of the property and the trust in which the property exists. (Apparently the property is under an LLC in a family trust)

We extended the contract for one more week, so the seller can provide the requested documents.

But my question is what happens if the closing date comes, and the seller can not satisfy the underwriter's requirements? What are my options as the buyer? I've spent hundreds of dollars on appraisal and inspection, put a move out notice for my current apartment, made arrangements for my move, etc. Do I get any money back for the financial damages done to me? I live in Texas.

Thanks for your help!

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