Rosemont Heights (Tulsa, OK)
By Debbie Durkee, ALC, CRS -- Land & Country Estates near Tulsa
(RE/MAX T-town)
The gap check revealed a demolition notice on the day of closing. It wasn't there when the abstract was updated in September.  It showed up yesterday morning.  We were closing at 3:00 pm.   We found out about it at the closing table.   A demolition notice had been filed by the City of Tulsa that very morning. Who knew that a Demolition Department even existed! Did you ever wonder what a gap check does? The gap check is one of those items on a HUD Settlement Statement that I have always regarded as just another way for the closing companies and lawyers to make money.  The typical cost of a gap check is $75. I never paid a whole lot of attention to the gap check, but I will from now on. The closer asked the buyer whether or not he wanted to proceed with closing.   Of course it was a Frida...
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