Quote:
Originally Posted by troutman
It's not the Town's responsibility to keep RPRs on file for Vendors.
Some surveyors can prepare an RPR quite quickly, but then it still has to be viewed by the Town.
Not to worry, your lawyer can still close your sale on his undertaking to hold back some funds until the RPR is compliant.
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Assuming you can still actually get the updated RPR done before closing date.
If you're dealing with a firm that you takes the position that without an old or current RPR to at least review it is too risky to close with holdbacks, especially where no RPR has been done since the house was built, closing may be delayed until you at lest have the RPR in your hands.
(Actually a fairly common position for a buyer's lawyer to take)
Sometimes you have to decide if a rush RPR is cheaper than title insurance plus the RPR especially if a protocol closing isn't not possible for some reason. If the rush charge is more than about $200, it may be cheaper to order title insurance and wait for the standard RPR. Your lawyer should be able to help with the decision.