Always, issues arise just prior to the settlement. Our water in the main ranch house stopped working last week. Yesterday the well man made the repairs and this afternoon e mailed the invoice to the Title Company to pay the bill from the proceeds. The purchaser wants to be sure the bill is paid, I am sure. We are complete on that score.
This morning was the first time the Title Company looked at the case, even though we had warned them the title was being held in an estate. They went into a state of panic. They needed to read the trust and they needed to send the trust to their head attorney to be sure we could settle using a Power of Attorney to son David. At the end of business today they were still unclear of how to proceed. I have urged David to call them before leaving San Antonio for the 10:30 settlement. I will call first thing in the morning to see what needs to happen to expedite the settlement. The contract states the title of the ranch is in a trust and two weeks ago we alerted them again, but the day before settlement they request the trust. Fortunately, The trust folks e mailed it to them, but they are not used to reading trusts, which is long, and they are fearful of making a mistake. Thus the panic. Had they looked at the case a few days ago life would have been easier. Our real estate agent is fed up with them, which does not really help. I believe they will figure out a solution. After all, we settled the ranch with a POA and it was in a trust. So here we go.
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