Key Takeaways
- Lis pendens filings can be addressed through expungement, title indemnification, escrow holdbacks, or contract termination.
- Appraisal shortfalls require renegotiation, additional equity, alternative financing, or deal termination—analyze the revised returns before deciding.
- Earnest money disputes are resolved through mediation, arbitration, or litigation—purchase agreements should include clear document delivery deadlines.
- Complex closing scenarios require flexibility, legal counsel involvement, and a clear understanding of contractual rights and remedies.
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Test Your Knowledge
1.How are title claim disputes typically resolved?
2.What happens when financing falls through near the closing date?
3.How are earnest money disputes resolved when the deal fails to close?