Wellesley Hills, MA (PRWEB) September 07, 2011
Legal Advantage Real Estate, an Attorney-owned and operated Real Estate Services Company, today announces the first-of-its kind plan in the United States to protect home buyers and sellers against closings that fall through or are delayed.
A Real Estate Closing being delayed or falling through is every buyer or sellers nightmare, and rightfully so. Lost jobs, shaky financing, jittery sellers, and lenders unable or unwilling to close the loan are making delayed and canceled home sales more and more common.
During these turbulent times, Lenders are unable to close loans at the last minute because of lack of funds, last-minute underwriting conditions or simply because they just close up shop, leaving the Buyers and Sellers stuck and vulnerable to lawsuits and financial costs.
According to MortgageDaily.com, more than 225 mortgage lenders failed during the last year, along with a 400% increase in bank failures. These loans could not close and the Buyer and Seller were left in deep trouble.
When a Lender cannot close as promised, the Buyer may be liable to the Seller for their deposit. Legal Advantage will Protect them. When the Buyer needs a place to live in the meantime and incurs additional moving costs, Legal Advantage will Protect them. When a Seller changes their mind and won't sell and the Buyer needs legal assistance, Legal Advantage will Protect them. Simply put, when the deal falls through, because of the lender, the realtor, the buyer or the seller.... Legal Advantage will protect the damaged party.
“Many Sellers and Buyers are anxious until the Closing is completed, they are fearful that something will cause the deal to fall thru. Not only do they lose their dream home or money they were expecting, but now they have the added financial costs – legal fees, moving expenses, lodging and bridge financing. Deals collapse and they are delayed....all the time...rarely does a week go by when my clients are not impacted by a closing problem that exposes them to real financial risk or hardship.”, said Howard S. Gold, president and founder of Legal Advantage Real Estate and a practicing Real Estate Attorney and licensed Real Estate Agent.
According to Jeffrey Simon, Owner of Sales Approach Real Estate, closings get delayed or fall through for no reason and every reason, and “having this product available to my clients is essential to giving them peace-of-mind during the stressful period before a home closing. The Home Closing Protection Plan is just what the doctor ordered.”
Legal Advantage Real Estate's Home Closing Protection plan offers peace-of-mind to Sellers and Buyers.
Home Buyers or Sellers (or thru their Realtors, Escrow Agents, Attorneys or Lenders) can purchase protection immediately for $189.00 by visiting homeclosingprotectionplan.com
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