@Cassi Justiz
We are getting two duplexes. One has some carpeting and mold remediation that won’t be completed until week of Sept 23rd. Owner want to be in town for the closing but the new closing date he wants doesn’t work for my partner or I. I asked to close on one of the duplex on the original closing date of 9/18 and the other with problems whenever it works out for my partner and him...but they say no, they both have to close on same day, as we are getting a discount on both. So if we move this to the day he wants, I calculated a lost rent of 3.5k which they will not compensate for. I talked to an attorney and he said we can still close both on 9/18, and set aside an escrow account for the remediation cost. Told realtor that and he said seller does not want to pay for this escrow account and will not reimburse if cost comes in greater than current bid prices, so it will be on us to make up for all this difference. I’m gonna call title company to see what their thoughts are on all this and exactly how much to set up an escrow account.
