Lawyer Handling Closing Missing....
due to hurricane. My lawyers office WAS in downtown Punta Gorda, FL. The phones are all on fast busy signals and emails are coming back and not being delivered. I am scheduled to close 1031 sales and purchase transactions this week. When do I give up trying to reach them and move closings (with probable delays) to other attorneys/title companies? Any suggestions?
Christine, how bad is the damage there in your area? Are there a lot of trees on houses?
Are you up against the deadlines on your 1031? I assume there is some sort of hardship extension but if its close I'd move on. From what I see it could be a couple of weeks before your guy could be ready to close anything.
How far from PG are you?
I am 10 miles north of punta gorda in charlotte county next to port charlotte. I have all my utilities but just down the road they have no elect or phone and I am not even sure how bad or good the law office survived the storm, i know they showed the corner of their street and it was demolished pretty much, but they were a brand new building so maybe better building let them survive. I am ok with my 1031 dates, but my contracts have the close date due this week and prices have gone up since I put them under contract. I would like extensions, but not sure if they will be granted. Trying to think positive. I am blessed to have my family safe and my home intact. But my kids being out of school for the next 2 weeks (just as I celebrated their first day last monday!!) is probably what will drive me insane anyway and hopefully will teach me to have a bit more patience this week.
christine
where I live in the rotonda circle on the cape haze peninsula, only tree damage and some lanais crumpled. In the older sections, more damage as those houses not built to current hurricane code buildings. New construction I did not even see shingles missing. The area held up very well. I did hear that some houses in South Gulf Cove along the Myakka River which was in the north part of the hurricane eye had some damage to older houses and the two mobile home parks on 771 were damaged really bad. Lots of metal twisted in the canals and mobile homes smashed and with lots of roof damage. this is all less than a mile from my subdivision. Very odd and oh so close.
christine
If your chosen 1031 facilitator screws up and does NOT do everything he/she/they can to help you close, they'd be www.legally.liable to you for whatever damages they caused you.
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