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Updated over 11 years ago,

User Stats

295
Posts
34
Votes
Burt L.
  • Real Estate Investor
  • Steamboat, CO
34
Votes |
295
Posts

Simultaneous Closing- How to Handle Buyers Title Policy Request When Policy Shows Purchase Amount?

Burt L.
  • Real Estate Investor
  • Steamboat, CO
Posted

I have a buyer on a strong deal, who understandably wants to examine the title policy before giving a deposit. Of course, they would be aware that the title policy is in the amount of the buy-side figure and I thought twice before forwarding the policy. The title company says they can't provide a policy at the increased figure until there is s B-C side contract.

How is this best handled? To me, a deposit is refundable if good title can't pass. I would return a deposit if title isn't mechantable, etc.

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