Tuesday, March 8, 2011

Closing Issues

The closing process ended up not going as smoothly as I would have hoped. In September I found out the title on the land was incorrect because a boundary line adjustment was not filed properly. This meant that the titles on all the adjoining lots needed to be re-appraised and modified. The title company up to 6 months time before the problem was corrected and I could close, but could never give me a definitive date.

Other than the constant uncertainty of when I could close on the land, this meant that I could potentially get all my design and permitting done beforehand and immediately start on construction once the deal closed.

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