A settlement?

By way of example, a lender who excludes settlement costs and requires the borrower to fund the interest reserve is vastly different than a lender who includes the settlement costs and an interest reserve that’s capitalized in the loan.

If you are going to purchase a parcel where the seller will then build, you should take the time to ensure everything is in order prior to settlement on the land. 

In a real estate contract the buyer's promise to pay $ at settlement and the seller's promise to deliver the deed is all that is required.

ID, lease agreement with deposit at closingAfter you send these to the servicer, they have the trustee review, wait 60-90 days and update your bank statement/paycheck/profit and or loss, provide estimate settlement sheet, and anything they ask for.

Pickup the phone and negotiate to reach a settlement. 

What escrow/title company includes rehab costs in the settlement statement?

The adjuster called me and stated that as they were out of state there would be a third-party local adjuster in the next state performing the walk through and writing up the settlement details.

My concern is we sue and they cant pay the settlement and we got tied into bankruptcy court.

Lenders aren't always the quickest at getting settlement sheets over to you to review so if your buying more than one prop every few months and have to account for cash to close this can definitely bite you in the butt.