The Southern Nevada Realtor® board suggested in their recent issue of the Realtor® magazine that agents remember to get contract extensions and modifications in writing. Often escrows must be extended for one reason or another. Too often those contracts are not extended in writing meaning they are unenforceable. In fact, the purchase agreement says in section 27, "No change, modification or amendment of this Agreement shall be valid or binding unless...shall be in writing..."
They rule of thumb they suggest: if the agreement is in writing, the change should be in writing, too.
Good general rule to live by...
