Unmet Closing Conditions, Day of Close

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    Scott Love

    How have people dealt with unmet closing conditions when you get to close date? Depending on the issue, I see a few primary options 1) close over the issue, if possible, and resolve later; 2) Delay close, which will cause a host of timing issues and incur additional costs 3) If really serious, walk away, which would be a terrible scenario

    Night before close and morning of close can be very hectic and typically anything not resolved at that point has been minor in my experience so no real threat to closing but I am wondering if others have had more significant issues lingering and how that was handled.

    Raymond Teo

    Depending on how critical is the closing condition to your deal. If it is minor and would have minimal impact to your deal, i believe it can be discussed and either waive off the unmet closing condition or resolve it later.

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