Zillow Advice: Buying a Foreclosure - Why is Asset Manager at US Bank not signing Closing Documents? Why is REO taking over two months? http://www.zillow.com/advice-thread/Why-is-Asset-Manager-at-US-Bank-not-signing-Closing-Documents-Why-is-REO-taking-over-two-months/407318/ Zillow Advice | Zillow Real Estate Your realtor is correct.&nbsp; ... http://www.zillow.com/advice-thread/Why-is-Asset-Manager-at-US-Bank-not-signing-Closing-Documents-Why-is-REO-taking-over-two-months/407318/ Your realtor is correct.&nbsp; Banks never loose.&nbsp; All the addendums and contracts are in their favor.<br/>Your delema might be that&nbsp;US bank is the servicer of the loan and do&nbsp;not actually own it, so they might be waiting for investors to agree.<br/>Don't give up it's not dead yet. You should ,though get in touch with the selling agent and see if they have any influence to push a bit. Thu, 14 Jul 2011 21:17:00 GMT http://www.zillow.com/advice-thread/Why-is-Asset-Manager-at-US-Bank-not-signing-Closing-Documents-Why-is-REO-taking-over-two-months/407318/ 2011-07-14T21:17:00Z Did they sign the original ... http://www.zillow.com/advice-thread/Why-is-Asset-Manager-at-US-Bank-not-signing-Closing-Documents-Why-is-REO-taking-over-two-months/407318/ Did they sign the original purchase agreement and all necessary addendums and you are now waiting for them to sign the HUD1? Or was this sent to title without a fully executed purchase agreement.<br/><br/>I<em>'m ready to Give US Bank 2 Weeks and then charge them $100per&nbsp; Day if they want to close after the Expiration<br/><br/></em>They would never sign it. It's funny that if YOU cause the delay then YOU pay $100 per day, but it's never the other way around.<br/><br/>I think if you attempted to cancel, they might invoke the clause where they would keep your earnest money, regardless of the fact that this is their fault. The frustrating thing about bank owned homes is the contracts are written to fully protect the bank, no matter how much at fault or incompetent they are at closing the deal.<br/> Thu, 14 Jul 2011 04:01:00 GMT http://www.zillow.com/advice-thread/Why-is-Asset-Manager-at-US-Bank-not-signing-Closing-Documents-Why-is-REO-taking-over-two-months/407318/ 2011-07-14T04:01:00Z