Zillow Advice: Home Buying - We have a contract on a property , the bank keeps postponing the closing , how do you get a definate http://www.zillow.com/advice-thread/We-have-a-contract-on-a-property-the-bank-keeps-postponing-the-closing-how-do-you-get-a-definate/453068/ Zillow Advice | Zillow Real Estate Is your offer on a foreclosure ... http://www.zillow.com/advice-thread/We-have-a-contract-on-a-property-the-bank-keeps-postponing-the-closing-how-do-you-get-a-definate/453068/ Is your offer on a foreclosure or short sale?&nbsp; Sat, 28 Jul 2012 18:39:00 GMT http://www.zillow.com/advice-thread/We-have-a-contract-on-a-property-the-bank-keeps-postponing-the-closing-how-do-you-get-a-definate/453068/ 2012-07-28T18:39:00Z This sale is a foreclouser ... http://www.zillow.com/advice-thread/We-have-a-contract-on-a-property-the-bank-keeps-postponing-the-closing-how-do-you-get-a-definate/453068/ This sale is a foreclouser &amp; we have a contract with the bank it is Deutsche Bank , I don't really know what their excuse other than to just make me miserable &amp; because they can do it I 've waited this long I guess I can continue to wait they say they need to do more paper work yet Sun, 29 Jul 2012 15:42:00 GMT http://www.zillow.com/advice-thread/We-have-a-contract-on-a-property-the-bank-keeps-postponing-the-closing-how-do-you-get-a-definate/453068/ 2012-07-29T15:42:00Z What reason is the bank giving ... http://www.zillow.com/advice-thread/We-have-a-contract-on-a-property-the-bank-keeps-postponing-the-closing-how-do-you-get-a-definate/453068/ What reason is the bank giving you for moving the closing date?&nbsp; I gather that the bank that is postponing the closing is the one that owns the property and is selling it, not your lender, correct? Sun, 29 Jul 2012 03:50:00 GMT http://www.zillow.com/advice-thread/We-have-a-contract-on-a-property-the-bank-keeps-postponing-the-closing-how-do-you-get-a-definate/453068/ 2012-07-29T03:50:00Z If your offer is on a shortsale ... http://www.zillow.com/advice-thread/We-have-a-contract-on-a-property-the-bank-keeps-postponing-the-closing-how-do-you-get-a-definate/453068/ If your offer is on a shortsale or foreclosure, you simply have to wait. Sometimes the banks will hold of for nothing more than when they want to put the write off on the books. Considering they own it, they have the right to hold off as long as they want regardless of whether you are offering cash or any other great financing terms. Sat, 28 Jul 2012 22:45:00 GMT http://www.zillow.com/advice-thread/We-have-a-contract-on-a-property-the-bank-keeps-postponing-the-closing-how-do-you-get-a-definate/453068/ 2012-07-28T22:45:00Z We have a contract it is ... http://www.zillow.com/advice-thread/We-have-a-contract-on-a-property-the-bank-keeps-postponing-the-closing-how-do-you-get-a-definate/453068/ We have a contract it is a foreclouser and we are paying cash Sat, 28 Jul 2012 21:48:00 GMT http://www.zillow.com/advice-thread/We-have-a-contract-on-a-property-the-bank-keeps-postponing-the-closing-how-do-you-get-a-definate/453068/ 2012-07-28T21:48:00Z Hi Tim,&nbsp;If I understand ... http://www.zillow.com/advice-thread/We-have-a-contract-on-a-property-the-bank-keeps-postponing-the-closing-how-do-you-get-a-definate/453068/ Hi Tim,&nbsp;<br/>If I understand your response correctly, this is not a short sale, just a regular sale and the bank keeps postponing. Your best bet is to get in touch directly with the loan officer and get a straight answer. If you are the buyer in the transaction you have every right to call. If you are the seller in the transaction you still have a right to call. They are limited in what they can tell you, but you should be able to come away with a sense of direction. Two things can hold up the loan approval 1) The buyer isn't going to qualify and they are trying to find options for them or 2) The buyer is going to qualify and the loan is stuck in underwriting. If this is the case then the loan officer should already be in contact with a manager in the underwriting department to escalate things.&nbsp;<br/>If you are working with a REALTOR they can track this process and tell you what your options are based on what they find out.&nbsp;<br/>Hope this helps.&nbsp; Sat, 28 Jul 2012 21:47:00 GMT http://www.zillow.com/advice-thread/We-have-a-contract-on-a-property-the-bank-keeps-postponing-the-closing-how-do-you-get-a-definate/453068/ 2012-07-28T21:47:00Z Or is it just a regular loan ... http://www.zillow.com/advice-thread/We-have-a-contract-on-a-property-the-bank-keeps-postponing-the-closing-how-do-you-get-a-definate/453068/ Or is it just a regular loan where the bank won't approve the loan? Sat, 28 Jul 2012 19:28:00 GMT http://www.zillow.com/advice-thread/We-have-a-contract-on-a-property-the-bank-keeps-postponing-the-closing-how-do-you-get-a-definate/453068/ 2012-07-28T19:28:00Z