Home Buying in 33437>Question Details

bcw5709, Real Estate Pro in Boynton Beach, FL

I am under contract with a REO home . We have already passed our closing date

Asked by bcw5709, Boynton Beach, FL Tue Jun 26, 2012

and are waiting for the Deed Packet from the bank. Any suggestions as how to get this expedited?

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5
Ron Thomas’ answer
While you feel no control, there is something you can do:

You can have your Realtor give the Bank a NOTICE TO PERFORM,
it's probably about the same form for you as it us.

Calling someone does no good.
You probably want that Escrow to close in June; because of prepaid taxes.

Good luck and may God bless
1 vote Thank Flag Link Tue Jun 26, 2012
I see this a lot with many of the REOs that I work with - as indicated below, it is best to get a short extension in place. If this is the only issue, it is usually just a small delay in seller processing.
1 vote Thank Flag Link Tue Jun 26, 2012
I would ask your agent to followup with the title company and the listing agent on a daily basis until this is resolved. I would also ask the reason for the delay. Is it slow processing or are their problems with the title. There is not much you can do as the buyer. I would also suggest that you get a short contract extension as soon as possible.
1 vote Thank Flag Link Tue Jun 26, 2012
Did you finally close on this home? Tell me how this worked out.
0 votes Thank Flag Link Wed Jul 10, 2013
I hope this post comes to you after you no longer need an answer! My hope is that you have closed already. If not, documentation and everything in writing is key. As already posted, have your agent contact the title company and check the title work. I am hopeful that you did as others suggested and had an extension created by your agent.
Take care,
Tamela
0 votes Thank Flag Link Thu Aug 30, 2012
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