Title Resolution Deadline

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Complete the "Title Resolution Deadline" checklist:

https://LearnToBeRich.com/title-resolution-deadline/

We often use "MEC + 20 Days" for this deadline in the "Contract to Buy and Sell Real Estate".

Mark this task as complete when done.

Contract Deadline: Title Resolution DeadlineContract To Close: TitleUltimate Nomad ChecklistWeek 13


If you've objected to a title related issue (either record title or off-record title), then your Real Estate Broker (with your assistance) should be negotiating on your behalf to come to a resolution that is acceptable to you and the Seller.

Mark this task as complete when done.

Contract Deadline: Title Resolution DeadlineUltimate Nomad ChecklistWeek 13


If you've come to a resolution over the title objection you had, your Real Estate Broker should prepare an "Amend/Extend" to document the resolution and resolve your objection.

Mark this task as complete when done.

Contract Deadline: Title Resolution DeadlineUltimate Nomad ChecklistWeek 13


If you've come to a resolution over the title objection and your Real Estate Broker has prepared an "Amend/Extend" to document the resolution and resolve your objection, sign the "Amend/Extend" to continue with the purchase.

Some Real Estate Brokers may also have you simultaneously withdraw your "Title-Related Objection Notice" by signing the bottom via DocuSign.

Mark this task as complete when done.

Contract Deadline: Title Resolution DeadlineUltimate Nomad ChecklistWeek 13


Once you receive back a fully executed "Amend/Extend" save a copy to your property folder in Dropbox.

You may also get a withdrawn version of your "Title-Related Objection Notice" to save to your Dropbox as well.

Mark this task as complete when done.

Contract Deadline: Title Resolution DeadlineUltimate Nomad ChecklistWeek 13


If you've decided to continue with the purchase and withdraw your record title or off-record title objection, your Real Estate Broker can send over the "Title-Related Objection Notice" you signed and have you sign the bottom that withdraws your objection before the Title Resolution Deadline to allow you to continue with the purchase.

IMPORTANT NOTE: If you have not resolved the objection or withdrawn your objection prior to the Title Resolution Deadline, the "Contract to Buy and Sell Real Estate" will terminate. So, if you want to continue with the sale you need to do either one of these.

Mark this task as complete when done.

Contract Deadline: Title Resolution DeadlineUltimate Nomad ChecklistWeek 13


If you've decided to continue with the purchase and withdraw your record title or off-record title objection, sign the withdrawal section at the bottom of the "Title-Related Objection Notice" when your Real Estate Broker sends it over via DocuSign.

IMPORTANT NOTE: If you have not resolved the objection or withdrawn your objection prior to the Title Resolution Deadline, the "Contract to Buy and Sell Real Estate" will terminate. So, if you want to continue with the sale you need to do either one of these.

Mark this task as complete when done.

Contract Deadline: Title Resolution DeadlineUltimate Nomad ChecklistWeek 13


If you've withdrawn your objection by signing the bottom portion of your "Title-Related Objection Notice", save a copy of it to your property folder in Dropbox.

Mark this task as complete when done.

Contract Deadline: Title Resolution DeadlineUltimate Nomad ChecklistWeek 13


If you have not come to an acceptable resolution or withdrawn your "Title-Related Objection Notice" by the Title Resolution Deadline then your "Contract to Buy and Sell Real Estate" has terminated. However, most Real Estate Brokers will want to also prepare a formal "Notice To Terminate" as well out of an abundance of clarity.

Your Real Estate Broker should prepare an "Earnest Money Release" (and probably a "Notice To Terminate") to get the Seller to agree to release your Earnest Money.

Mark this task as complete when done.

Contract Deadline: Title Resolution DeadlineUltimate Nomad ChecklistWeek 13


If you have not come to an acceptable resolution or withdrawn your "Title-Related Objection Notice" by the Title Resolution Deadline then your "Contract to Buy and Sell Real Estate" has terminated.

Your Real Estate Broker should prepare and send over an "Earnest Money Release" (and probably "Notice To Terminate") to get the Seller to agree to release your Earnest Money to you via DocuSign.

Sign the "Earnest Money Release" (and probably "Notice To Terminate") via DocuSign.

Mark this task as complete when done.

Contract Deadline: Title Resolution DeadlineUltimate Nomad ChecklistWeek 13


Once you receive the signed copy of the "Earnest Money Release" (and probably "Notice To Terminate") back via DocuSign save a copy to your property folder in Dropbox.

Once the Seller signs it, you can replace this copy with the fully executed version and provide a copy to the Earnest Money Holder to get your Earnest Money back.

Mark this task as complete when done.

Contract Deadline: Title Resolution DeadlineUltimate Nomad ChecklistWeek 13

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