Agent2Agent in 91987>Question Details

Steve Dewindt, Real Estate Pro in El Cajon, CA

REO, Chase, cannot close a cash deal in 4 weeks!! Extension just in but we are reluctant to just sing. Any ideas? Money damages? Contractors ready!!

Asked by Steve Dewindt, El Cajon, CA Wed Jan 18, 2012

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It happens all the time. We are doing transaction with BOA it took 9 days to assign a title company so we would know where to send the earnest money. Usually there are no remedies on your end other than to keep pushing all envolved on a daily basis, but if the situation where reversed they would charge you daily fees.
0 votes Thank Flag Link Thu Jan 19, 2012
Hi Steve,
Check the bank's addendum for resolutions if bank cannot perform. It is usually spelled out there.
Good luck,
0 votes Thank Flag Link Wed Jan 18, 2012
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