Now you can see that your situation is common. It sounds like your Realtor is doing all she can to keep the closing on track. The email request is very typical and actually works in your favor (everything is in writing and your Realtor's requests are documented) When I am not the LISTING agent and I submit an offer on behalf of the Buyer, I have never been able to get the Asset Manager to talk to me. I don't want you to think your Realtor can easily get to the Asset Manager, if that is not the case. It has never been the case for me on the buying side, but nothing comes easy for me anyways...lol! Let us know when you close. Cape Coral is a great city! Hopefully, Jesse or another agent will comment.
My grandmother used to say "If you can't say anything good, don't say anything at all". So, with that said - about all you can do is to hope for the best, but expect the worst. See if your Realtor can find out what kind of lien they are referring to. They may be waiting for an estoppel letter from an HOA or something along those lines. If it is a Judgment or tax lien, that could take some time. Hopefully, all parties involved are working in good faith to get the transaction closed on time. It may be a last minute kind of thing, but hopefully it will all work out. I have found that being really, really nice and pleading my customer's case to the closing agent helps sometimes. I know that is hard when nerves are frayed, but keep in mind that they have all the power, and you can't afford to make them mad. You can blow your top when everything is done, but you'll be so happy to be closed, that you probably won't feel it's necessary.
Best of luck to you!
Regret to hear about your issues. Its typical with foreclosed properties, and sheer volume
that banks and asset managers have to go through, that due to some reason, such as missing Docs.
it can be delayed.
Unless, the previous owner is till in the house, or a tenant with a lease residing in the house, there
should be no issues. Clearly, the Title Co. wants to give you clear title, after having the bank discharge all the pior debts.
Patience my friend. enjoy your home, Cape Coral sounds like fun.
Your Realtor needs to continue to apply pressure to the listing agent who has the relationship with the bank, as Jessie suggests below.....getting to the asset manager for straight answers is the key here.
Good luck with getting this purchase completed.
Typically Bank Owned have a few delays. The last Bank Owned sale I had, I got the Hud statement the night before. Hang in there an hope it closes on time.
Thomas Ryan Associates, Inc
Sorry but Jesse is right on! This is what comes with buying bank owned homes. They provide you with a bank addendum to the contract upon their acceptance to your offer. That addendum will state it overrides everything in your original contract. I have had bank owned transactions close rather quickly without a glitch. On the other hand, I have had banks that have been unable to clothes for months (clouds on title). If you really want to get to the bottom of the problem and your agent is unable to get answers, consider hiring an attorney to help you. I would be happy to give you the name of local attorney here in the Cape that can help.
I wish you the best of luck,
At this point in the transaction the only thing that may be available to you is the title commitment/exceptions, have your realtor request that for you to review.
The HUD statement, will not be available until they get final word on liens, etc. and a firmative closing date, I'm sure they are all working hard to get it done on time, be patient, do not expect the HUD statement at the earliest 2 days before closing date, and be prepared to wire the funds to them.
If email is how they prefer to communicate, then follow their guidelines, they will followup with your realtor a lot quicker. You will know more about what exactly they are waiting for IF they have to extend the closing date, until then they really do not share much.
Sellstate Prefessional Realty, Inc.
If you have an executed contract, seller has to close the deal as indicated in the contract. If they need more time, they have to get you to agree on an extension of closing date. They have to send you the HUD and give you time to review it. Your Realtor should pressure the listing agent.