Checklist Tags


These are the checklists related to Contract Deadline: Title Resolution Deadline.

These tasks are when you're under contract to buy the property and related to the Title Resolution Deadline in the "Contract to Buy and Sell Real Estate".

This deadline is typically a deadline when the Buyer has objected to something related to record title or off-record title matters. It is the deadline for the Buyer and the Seller to come to a resolution. If Buyer and Seller have not come to a resolution prior to this deadline, the "Contract To Buy And Sell Real Estate" terminates unless the Buyer withdraws their objection before the deadline.

If the Buyer and Seller has come to a resolution, it is usually done by either withdrawing the objection (if there is nothing changing in the contract) or signing an "Amend/Extend" amending the terms of the "Contract to Buy and Sell Real Estate" and simultaneously withdrawing the objection.

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

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  1. Complete "Title Resolution Deadline" checklist
    Complete the "Title Resolution Deadline" checklist:

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

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

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

  2. IF YOU OBJECTED TO TITLE: REAL ESTATE BROKER: Negotiate terms of your resolution
    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.

    Contract Deadline: Title Resolution DeadlineUltimate Nomad ChecklistWeek 13

  3. IF YOU REACHED A RESOLUTION: REAL ESTATE BROKER: Prepare "Amend/Extend"
    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.

    Contract Deadline: Title Resolution DeadlineUltimate Nomad ChecklistWeek 13

  4. IF YOU REACHED A RESOLUTION: Sign "Amend/Extend" via DocuSign
    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.

    Contract Deadline: Title Resolution DeadlineUltimate Nomad ChecklistWeek 13

  5. IF YOU REACHED A RESOLUTION: Save "Amend/Extend" to Dropbox
    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.

    Contract Deadline: Title Resolution DeadlineUltimate Nomad ChecklistWeek 13

  6. IF YOU WANT TO WITHDRAW YOUR OBJECTION: REAL ESTATE BROKER: Send "Title-Related Objection Notice" via DocuSign
    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.

    Contract Deadline: Title Resolution DeadlineUltimate Nomad ChecklistWeek 13

  7. IF YOU WANT TO WITHDRAW YOUR OBJECTION: Sign withdrawal section of "Title-Related Objection Notice" via DocuSign
    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.

    Contract Deadline: Title Resolution DeadlineUltimate Nomad ChecklistWeek 13

  8. IF YOU WANT TO WITHDRAW YOUR OBJECTION: Save withdrawn version of "Title-Related Objection Notice" to Dropbox
    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.

    Contract Deadline: Title Resolution DeadlineUltimate Nomad ChecklistWeek 13

  9. IF YOU HAVE NOT COME TO A RESOLUTION: REAL ESTATE BROKER: Prepare "Earnest Money Release" (and probably "Notice To Terminate")
    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.

    Contract Deadline: Title Resolution DeadlineUltimate Nomad ChecklistWeek 13

  10. IF YOU HAVE NOT COME TO A RESOLUTION: Sign "Earnest Money Release" (and probably "Notice To Terminate") via DocuSign
    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.

    Contract Deadline: Title Resolution DeadlineUltimate Nomad ChecklistWeek 13

  11. IF YOU HAVE NOT COME TO A RESOLUTION: Save "Earnest Money Release" (and probably "Notice To Terminate") to Dropbox
    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.

    Contract Deadline: Title Resolution DeadlineUltimate Nomad ChecklistWeek 13

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