This month's theme is Back to Boilerplate: the language or information you need is already in the GAR contract, you just may not know it's there. Case in point: Maura has a client under contract on a house where the seller didn't disclose an active tax appeal; when the pre-closer found it, a quick convo with Cheryl gave some clarity: turns out the information Maura needs is buried right there in the GAR contract's proration section (B3d). She and Cheryl dig into the ways to handle an active tax appeal (withdraw the appeal or let it ride), what the contract says about who benefits if it succeeds, and the real-world mess around escrow recalculations and when buyers actually find out. Most importantly, they also cover how to avoid a tax appeal surprise, whether you represent the buyer or the seller.
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