Legal Question in Real Estate Law in Texas
I closed on my home on Friday, per the buyer's request, and the funding was not possible because the buyers were unaware they both had to be at closing. I was assured the funding would take place on Monday, which it did not. It finally funded on Tuesday, but the amount was less than what was on our contract. I am waiting to hear the explanation from the title company, but I'm assuming it's the difference of the payoff amount. I am livid, as this was of no fault of ours, but the buyers and their agent. Do we have any recourse?
Asked on 3/07/12, 11:25 am
1 Answer from Attorneys
Donald McLeaish
McLeaish&Associates;, P.C.
Unless you accepted funding for lesser amount, perhaps...but title company generally do not close unless agreement on all matters is done in writing..
Answered on 3/07/12, 1:12 pm