Profile picture for amraka

closing problems

We have had to closing dates and the seller keeps going past. Is their any action that can be taken??
  • June 25 2009 - Beaver Dam
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Answers (4)

Profile picture for wetdawgs
What is the seller's excuse?   They need more time for repairs?   They are too lazy to move?

Your agent needs to work with the seller's agent to get aggressive about getting them out.    Or, simply put a "don't close by July XX, 2009, then buyer will withdraw from contract and seller is obligated to cover all costs incurred to date related to loan origination, inspections, etc"
  • June 25 2009
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Get them to release the EM
  • June 25 2009
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Pat, do you read much? this is the buyer, so don't you think you might want to know if he wants to buy the house???
  • June 26 2009
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What is your situation? Do you still want buy the house?  Or do you want to get all of your expenses back and start looking again.  Make sure you have a defined outcome.

If you are working with an agent, as wetdawgs said, that agent is your advocate who should sit down with the sellers agent and keep your desired outcome in mind while working to create an acceptable solution.

If you are not working with an agent, have you and the seller discussed the situation?  Can the two of you reach an equitable resolution?

If not, the wording of your contract comes into play.  At this point, I think I would discuss the situation with an RE attorney. 
  • June 26 2009
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