please see my blog for tips on buying a foreclosure
If you were in NC, we would insisit that you pay your own attorney to conduct a title examination, provide an attorney opinion of title and obtain title insurance commitment from a national company.
Bank owned properties sometimes have title issues.
I had a condo take 4 months to close because of an IRS lein.
Another took 3 months to close because of an issue between the bank that foreclosed and FNMA
There have been other weird issues.
The good news is, it will not close until the title issue is resolved. Hang in there. Keep your eye on the prize.
You will be rewarded in the end.
The Banks are becoming very thorough, after the rob signing disaster.
A deed to the house is critical, it has to be found or a new one issued after
Foreclosure, transferring ownership from the previous owners to the Bank.
Then the Bank can transfer the Deed from their name to yours.
Patience, it will all work out.
Now of course if you have a lock on the loan, your concerns are understood.
Foreclosures are processes that have to be complied with somewhat precisely, and things can interfere with them, like say a bankruptcy filed by the prior owner. Any number of things can go wrong, and it would be just speculation to answer beyond that.