CRE Insider Blog
Welcome to the Commercial Real Estate Insider, insights from First American's real estate experts.

Exploration Of Escrow & Settlement Statements In The Eastern U.s.

By Pablo Iglesias on August 1, 2022

The closing process in commercial real estate transactions can be multifaceted and a bit enigmatic to those new to the industry, or for those with a new type of real estate deal. As such, an overview of the closing process – including escrow and settlement statements – can be very helpful.

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Topics: Commercial Real Estate Attorney Closing Date escrow

Time Of The Essence Closing Date Must Be Specified

By Mike Berey on December 30, 2019

 

The Plaintiffs entered into contracts to purchase two properties from the Defendants. The Defendants sent notices to the Plaintiffs purporting to set a time of the essence closing date for each contract. Each notice stated that “a closing has been scheduled for December 19, 2016, at 2:00 p.m.” and that if the transactions did not close “by the...
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Topics: Closing Date

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