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We are in the process of purchasing a Fannie Mae home in great condition. We made an offer and our offer was accepted. We got their Addendums about 10 days later and it was returned right away (under 24 hrs). That was about 1 month ago… To date, the only response we have received from them is to extend the closing date (from Sept 9 to Sept 24). We have been waiting on their signatures for over 1 month ( 2 weeks since they extended the closing date). We can't proceed with the mortgage or anything until they officially sign their parts.
Even more confusing, we had our own title company work done and it came back that the title is still under the old owner's name instead of the banks.
Can someone explain if this is normal? I am worried their will extend the closing date again since out lease expires at the end of September.
My agent has been in constant contact with the listing agent, but the only response is that the listing agent is waiting too.
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