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How to Avoid a Delayed Closing: 7 Common Roadblocks to Be Aware of

Redfin

Any changes in your debt-to-income ratio or credit score could cause issues with your loan application, which increases the chance of a delayed closing. Clouds on the title. Before you can close the deal, you’ll need to make sure that the title is clear. Delayed approvals from Homeowners Associations.

Closing 62
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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. An established chain of title helps protect the buyer from future challenges to ownership. A title search helps create that chain and is usually conducted by a lawyer or title company.