What to do if I’m supposed to close on a new construction home next week but a structural engineer has stated that 2 sections of an existing retaining wall need to be repaired?
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What to do if I’m supposed to close on a new construction home next week but a structural engineer has stated that 2 sections of an existing retaining wall need to be repaired?
Will a contract amendment stating the wall will be fixed within a specified time frame after closing be sufficient? What advice would you give?
Asked on January 5, 2013 under Real Estate Law, Texas
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
Assuming you still wish to close escrow on the unit as well as the seller then you need to have an addendum drafted by a real estate attorney extending the time period to close to a certain date as well as have close of escrow subject to a certificate of occupancy issued by the local building and permit department.
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