🛠️🛠️ Addressing buyer concerns with a CLOC

We were having a conversation with a top agent this past week and they shared an interesting use case for the CLOC that we hadn’t heard of before: use it to address “concerns with the property” that come up while the home is in escrow.

So when a buyer comes back and asks to fix the roof, driveway, and appliances and your seller doesn’t have $20k lying around, they can take out a CLOC and fix it to make sure the home closes, especially when some things (like roof repairs) may block a mortgage being funded.

Is this something that you all think could be valuable? Also, what are the most common things that come up during escrow? You can answer in the survey below.

Common concerns to address

Thank you for the continued feedback and support. I hope you all have a great weekend!

Nick