If the property is a HUD home and you are getting an FHA loan, then the appraisal should already be complete as it was done by HUD to set the sales price. If it is conventional, the other answers have been correct - some mistake is being made by the bank/lender. Fortunately, HUD usually refunds the first $375 fee for the first 15 day extension as long as you close. You'll need to pay the fee with a cashiers check, but again, it should be refunded at closing. We're closing purchases of HUD homes in less than 30 days right now with our in house underwriting, so I would be inquiring with the loan originator's manager to find out what is going on.... more
When negotiating for a home, the closing date is one of the terms you and the seller need to agree on. Typically a closing date that far in advance is not going to appeal to a seller. The seller would worry about losing valuable marketing time if you were to default on the purchase.
HOWEVER, if you were to do inspections and get your financing in place then give the seller a strong guarantee, for instance make your earnest money go hard if you default, that might convince him. Of course your earnest money would need to be something substantial.
Good luck with endeavors!
BTW, I've got a blog series going on 100 real estate and relocation tips in 100 days. You might find other tips there. Stop by for a visit!... more