[WSBARP] last minute cloud on title

[Douglas W. Scott]

CR2A Agreement states that a party to the litigation gets a percent of the proceeds on the sale of the Property.  No requirement that they be informed of pre-closing info because they may hamper closing.  2 days before closing the party records the CR2A against the Property alleging wrongfully that it has been breached.  Title Co. acknowledges that it is not a lien, but won't clear title because of "risk".  Seller demands clear title . Property Owner is 94 years old and closing is in jeopardy.  OPTIONS:  slander of title action; holdback of funds to indemnify title co.; give party all info and hope they don't use leverage and ask for more money.  Any suggestions?

Douglas W. Scott
Law Offices of Douglas W. Scott
Windermere Building
1810 15th Place NW, Suite 203
Issaquah, Washington, 98027
V.  425.392.8550
F.  425-392-2829
www.davisscottlaw.com<http://www.davisscottlaw.com/>

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20170307/c3520cab/attachment.html>