Just be patient and let your clients know that there're nothing you can do. In fact, if you bug the bank, they will actually put your contract in the bottom of the pile just to get you back for bugging them.
Also remember that it's the holiday season where everything takes longer to get done. Most of the asset managers at the banks are taking time off, worried about shopping and family being in town, etc. And they only get a salary, not commissions so they still make the same whether they get your deal done tomorrow or in a month.
Hope that helps
My opinion: the agent had not done his homework and the banks were not willing let the property go for the original list price
I decided not to fight about it, but have lost what little respect I had for the offending agent.
Eileen Musser, Gateway Realty, serving Lancaster and York Pennsylvania
We have also had some close in as little as 4 weeks.
The Bank wanted to close on January 20th 2008 which we agreed more than 3 weeks back not knowing they may take this long to ratify. Now if they ratify on January 10th so it will be hard for my clients to close with in 10 days. How do you address that when initially in my understanding now, we should have said closing with in 20 days after ratification rather than putting a date in the contract to be on safer side!! Any thoughts and ideas to ractify the issue are welcome.