Profile picture for ropejock

Changing closing dates

My wife and I are in the final stages of buying a house. We signed all the papers at the escrow comp. last friday. Listed in the charges was a per diem for closing ten days late at $100/day. The seller agreed to wave that charge but now the closing date is being pushed day by day to a later date. Monday was a holiday so I know there is no work taking place then but Tuesday morning I went and presented them with the final check, was told it would close the next day. Now it's Wednesday and just got an e-mail it will fund tomorrow Thursday and close Friday.
I don't think this is very professional and would like to know who and where I can fill a complaint about this and who should be responcable?
Thank you
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
February 23 2011 - Carson
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (6)

Did you ask escrow or your buyers agent why exactly your closing has been delayed?  You have a right to know why the delays have been taken place, yes it can be frustrating and costly to not be able to rely on a closing date.  I would find out what the delays were caused by and figure out how you would benefit by filing the complaint or paying an attorney to review your case. 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
March 01 2011

It is not uncommon for homes to close late in today's market, especially if it is a bank owned home.  There are so many rules and regulations that need to be followed that things often do not get done quickly.  If you are dealing with banks, they are overwhelmed and get to it as soon as they can.  As a Buyer you are emotionally involved and want everything done now.  For them, it is just another closing.

Accept it and enjoy your new home.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
February 23 2011
Its typical, though, but frustrating. You are not alone NOT closing on time, for no reason of yours.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
February 23 2011

The escrow company should have informed you how they accept your funds to close. Typically they need a wire by 11a.m. - 12p.m. on the day of closing or a cashier's check the business day before closing. A personal check can take up to 10 days to clear.

If you feel they did not explain this to you beforehand I would take it up with the manager/owner of the company and perhaps they can compensate you in some way.

Good luck!

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
February 23 2011
You need to speak with your Buyer's Agent.  He/she should assist you.  You signed an agreement that includes a penalty.  Has the delay been caused because of you, your bank, the title company, the Seller or a combination thereof?  That should give you a starting point.  If you continue to have issues, I suggest you consult an Attorney who handles residential real estate matters.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
February 23 2011
usually you can file a complaint at the better business bureau, but also if the home is listed by a realtor you might be able to file a complaint with the local association. although this does not necessarily sound as if it is the fault of the realtor, but the builder.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
February 23 2011
 
Related Questions
What can I do to get more (or better) quotes for my loan request ZR-HZTZVHV?
Profile picture for Helen  Najar
Latest answer by Helen Najar
October 23 2013 | 2 answers
when a property is advertised, but then says not for sale what does this mean?
Profile picture for Vinu Kumar
Latest answer by Vinu Kumar
July 03 2013 | 4 answers
Changing closing dates
Profile picture for mbn77
Latest answer by mbn77
March 01 2011 | 6 answers
First time buyer looking for advice on buying first home
Profile picture for Johnny James
Latest answer by Johnny James
November 01 2009 | 7 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 972 974 West 151st St, Compton, CA Home For Sale
    972 974 West 151st St, Compton, CA 90220

     For Sale: $190,000

    • Beds: 4
    • Sqft: 1560
    • Baths: 2.0
    • Lot: 6534
  2. 1111 E 215th Pl, Carson, CA Home For Sale
    1111 E 215th Pl, Carson, CA 90745

     For Sale: $429,000

    • Beds: 4
    • Sqft: 1415
    • Baths: 2.0
    • Lot: 7165
  3. 22509 Fries Ave, Carson, CA Home For Sale
    22509 Fries Ave, Carson, CA 90745

     For Sale: $275,000

    • Beds: 3
    • Sqft: 1430
    • Baths: 1.0
    • Lot: 5009