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Licensed by the Louisiana Real Estate Commission, Independently Owned & Operated
2925 Highway 51
LaPlace U.S.A., Louisiana 70068

Office: (985)652-7653X
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Once a settlement date is set, can it be changed?

Handtruck Settlement it the last step in home buying - before the moving begins, that is! Sometimes called closing, settlement is where the seller receives the funds from the buyer and the buyer gets proof of ownership. While everyone does their best to meet the settlement date, it is important to remember that many things can crop up to delay the settlement.
For instance:
  • Credit problems

  • Problems with buyer's credit history that must be explained.
  • Paperwork delays

  • Unforeseen delays in processing lending paperwork.
  • Appraisal problems

  • Delays in property's appraisal.
  • Contingencies

  • Inspections and/or repairs that must be completed before settlement.
  • Unresolved liens

  • Liens against the property that need to be resolved.
  • Personal Problems

  • Personal problems (such as a death in the family) that lead to rescheduling.
Remember, delays in settlement do not necessarily mean the transaction is falling apart. Most transactions do eventually go to settlement. Many problems can be straightened out in a day or so. The key is flexibility.
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