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Legal Landmines: Avoiding Closing Disasters

Speaker: Tim Mast

Even the most successful auction can unravel at the closing table if title problems or legal issues are not identified and addressed in advance. In this session we will go through some legal “land mines” that can delay or derail closings. We’ll explore how to spot potential problems early, work effectively with sellers, attorneys, and title companies, and protect against costly pitfalls.

Upon completing this session, attendees will learn to:

  1. Identify title issues that can delay or derail closings.
  2. Recognize red flags in contracts, covenants, restrictions and seller documents.
  3. Communicate effectively with sellers to uncover and resolve potential problems.
  4. Work with attorneys and title companies to ensure a smooth closing.
Mission & Vision

The National Auction Association serves auction professionals by providing services built on four cornerstones: Advocacy, Community, Education, and Promotions.

Our vision is to be the unified voice of the auction profession, championing the interests of auctioneers everywhere.

Values Statement

We intentionally welcome all auction professionals. We do this without adherence to any social, religious, and/or political affiliation or creed.

We endeavor to foster a climate of purposeful inclusion, an environment where all can feel safe, valued, cared for, and given an opportunity to form meaningful connections with each other.

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