Sunday 29 March 2020

Government office closures stop commercial deals in their tracks

Broad economic anxiety isn’t all that’s tamping down on commercial real estate deals these days. States and municipalities across the country are shuttering document recording offices to contain the spread of COVID-19 and that means parties can’t close deals, according to Commercial Observer. Commercial real estate deals require parties to submit and pull all sorts of property records and documents from city recording offices, including escrow instruction letters, liens, judgments, and deeds. The American land



source https://therealdeal.com/2020/03/29/government-office-closures-stop-commercial-deals-in-their-tracks/

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