Risk of loss is easy to ignore until the week of closing—then it becomes the entire deal. скачать в хорошем качестве

Risk of loss is easy to ignore until the week of closing—then it becomes the entire deal.

What happens if the property is damaged after contract but before closing—a roof leak, storm damage, fire, flooding, or any other casualty? The answer depends on who bears the risk of loss, and the contract you’re using. In this video, we break down Risk of Loss under the NABOR and FR/BAR contracts, and how the analysis changes when there is a pre-closing occupancy (buyer moves in early / pre-closing possession). What we cover What “risk of loss” means in a real estate contract NABOR vs FR/BAR: how each contract allocates risk before closing Minor damage vs major damage: practical decision points and leverage Repair obligations, credits, insurance proceeds, and timing issues When a buyer can terminate vs proceed vs renegotiate Pre-closing occupancy: why it increases risk for both sides insurance coverage gaps and who should insure what maintenance and responsibility for new damage documenting condition and avoiding disputes what happens if the home becomes uninhabitable before closing Practical takeaway Risk of loss is easy to ignore until the week of closing—then it becomes the entire deal. Understanding the contract language (and using the right occupancy paperwork) can prevent expensive surprises and last-minute cancellations. If you have questions or want a clause/strategy for your specific situation, reach out. Ross Law | Ross Title Naples, Florida Phone: 239-434-7700 Chapters 00:00 Intro 01:10 What “Risk of Loss” actually means 03:05 NABOR vs FR/BAR overview 06:20 Minor damage vs major damage: how deals get decided 09:15 Insurance proceeds and repair documentation 12:10 Buyer options: proceed, delay, terminate, renegotiate 15:05 Pre-closing occupancy: the hidden risk 19:10 Best practices to avoid disputes 22:30 Closing thoughts #rosslaw #RossTitle #floridarealestate #nabor #FRBAR #realestatecontracts #RiskOfLoss #PreClosingOccupancy #RealEstateLaw #naplesflorida #titleinsurance #closingsales