We're asking for a second extension due to the lender's lack of proffesionalism, a few days later we talked to the managar and he took over
but escrow hasn't got the loan docs yet, the property is a bank owned house and initially was a 60 day escrow . Do we still have a chance they'll accept a second extension?
Shaki,
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.
Best Regards,
Jes Sierra, B.Sc., Realtor®
Your top source to buy or sell real estate.
The bank might. It depends on its motivation. All you can do is ask. However, you and your Realtor need to better manage the process and keep the pressure on your lender.
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