成员 often ask what happens if the closing does not happen by the date specified in the contract. Does the contract automatically terminate at 5 p.m. 那一天?
NO, the contract does not automatically terminate if the transaction goes past the closing date.
第9段 One to Four Family Residential Contract (Resale) allows the non-defaulting party to choose an option under the default provisions found in Paragraph 15 if the other party fails to close the sale by the closing date. Additionally, where no time is stated in a contract, the deadline is generally at 11:59 p.m. on the date stated in the contract.
—劳拉•米勒，专职律师