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Tip 57 – Settlement – If something goes wrong

We’ve all heard it before … what can go wrong will go wrong.  Whether the bank’s mortgage release gets lost in transit, the seller has misplaced their certificate of title or any one of hundreds of other reasons, sometimes settlement can’t happen on the day.  In most cases the parties will come to an agreement to extend the settlement date.  The terms of that extension are usually dictated by who is in the “wrong”.  At this stage of a transaction both seller and buyer are usually keen to keep the deal alive and just want the settlement finished, as soon as that can happen. If something goes wrong don’t panic – with the help of your team have a constructive conversation to sort it out.