Real Estate Law
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Sorry, to clarify, I am actually the buyer. The closing attorney also mentioned setting aside sufficient funds from the sellers proceeds at closing, to be held until the lien is released by the state. IF that doesn't happen by 1pm today.
If they go the route of setting funds aside ($40,000), what type of a document would I need to see that would protect me from liability?
And thanks for your help.
So there is nothing that can be written up to allow them to set the funds aside, held by the title company, until they are able to get the lien removed?
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