Well, I have took the advise of all of the trulia answers in trying to resolve my problem with negative results. I'am a buyer and the home in question needs a new Well, due to the fact during the well cert. the old well went dry, The Bank asked for a total of 5 estimates ! The Bank has had the estimates for almost 3 months and have not given a answer thus far. Because of the delay the loan papers have not been signed and additional tasks cannot be completed causing delay in this transaction. I truely have tried everything in getting in contact with the bank and the Real Estate Listing Agent, Escrow Officer have left messages with no call back! Just a yes or no would do, this way I could move on in buying a home.
If this is a short sale, I can see it being in escrow this long, but if it's a foreclosure, I'd be questioning why they are taking this long also. Do you have a buyer's agent representing you? They should be on top of the listing agent tofind out what's taking so long. The answer is that the bank probably doesn't want to do this repair. If the house is worth it to you, you might want to hang in there. If you find another property that looks better, it might be worth it to cut and run. Hope it all works out for you!!!!
95 days is a loud and clear "no".
There are thousands of other short sale and REO properties to choose from, so why do you have to have this one?
Does it has spectacular views? Is it in an incredible location? Are you buying it at rock bottom price?
It would be a huge missed opportunity if you are a first time home buyer and the $8K tax credit opportunity is coming to an end on Nov, 30th.
Where is your agent (the buyer's agent) in all of this? I assumed you have your own agent to represent you and I hope that you are not using same listing agent who represents the seller and you. Contact the broker for assistance if the agents are not responding to your inquiries.
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