In the current climate of fluctuating material costs, supply chain backlogs, and labor shortages, completing new home construction on schedule can be a formidable task.
When unforeseen delays, like incomplete installations or pending repairs due to supply chain disruptions, affect the closing timeline, ClosingGuard acts as a trusted reliable intermediary.
As an independent third party, we hold an agreed-upon Assurance amount in safely and securely, releasing it only when all conditions have been met, protecting both the builder's cash flow needs and the buyer's investment.
Our service mitigates the impact of economic and market variables, such as rising interest rates and cost escalations, ensuring that these don't derail your closing schedule.
By efficiently managing the process of holding the funds, ClosingGuard allows builders to focus on resolving construction hurdles, while buyers can proceed with peace of mind, knowing their new home will meet their expectations.
At Foolproof Closings, we specialize in smoothing out the bumps in the road caused by today’s unique homebuilding challenges. Let us be your partner in achieving a seamless closing experience, even in the most complex of circumstances.
Happy Home Builder
Foolproof’s ClosingGuard gets ahead of issues that could potentially disrupt the closing process of a new home. By managing the hold back process, we ensure that any pending construction work or unresolved issues do not hinder the closing timeline.
Our service is designed to navigate through these challenges, providing a solution that keeps the closing process on schedule.
Our experienced team takes charge of overseeing the hold back process, making sure all construction commitments are met before the release of funds.
This lets builders focus on what they do best – building quality homes, without the stress of closing delays affecting their cash flow.
With Foolproof’s ClosingGuard, builders are supported in their ongoing commitment to the project, with clear objectives and timelines for the remaining tasks.
Our management of the hold back process provides a reliable structure, enabling builders to focus on completing the agreed tasks with the knowledge that the funds will be release impartially.