Send in the request for extended escrow as soon as possible, Have your lender follow up their underwritter or loan processor. The sellers will work with you as long as you dont try to work things out without them knowing that you know what has hit the fan.
Send the extension or you might occur per diem charges (check your escrow instructions) which can range from $50 up to $200.
BTW, Have your agent stay on top of this process.
Jes Sierra, B.Sc., RealtorÂ®
Your top source to buy or sell real estate.
Extensions are common and the REO bank typically accepts the extension if the reasons are reasonable and it looks like the extension will help assure the buyer closes. But, as said previously, do the extension ASAP!
Keller Williams Realty