Tuesday, March 25, 2014

Who sets the date for settlement?


Usually the settlement date and time is set by mutual agreement once the loan documents are made available by the lender to the closing attorney.  The date cannot be before the buyer has made a final walk through of the property.  Usually the buyer’s real estate agent initiates the scheduling discussion to see that all parties agree. 

The answers given above have been prepared by the law firm of Jones & Walker, P.C. of Virginia Beach as general guidelines to common questions.  These answers do not constitute specific legal advice.  For a fuller explanation of many aspects of real estate sales and purchases, visit Jones & Walker’s website: www.jonesandwalker.com

No comments:

Post a Comment