Home Buying in Ashland>Question Details

Lynn, Home Buyer in Ashland, KY

120 days for estate? what does 120 days mean in regaurds to buying a bargain sale of an estate?

Asked by Lynn, Ashland, KY Fri Jan 27, 2012

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That is very concusing as you state that 120 days buying a bargain sale - is that the deed form they want to give you to buy the estate instead of a warranty deed? It could mean that the estate will take that long to be settled or it could mean they estate people need time for processing - without knowing the full story it is hard to give the correct information.
0 votes Thank Flag Link Sat Jan 28, 2012
Melinda's guess is a good one (since we haven't seen the document), and another is that they might want ample time for whoever is currently living in the home to find another place to live.
0 votes Thank Flag Link Sat Jan 28, 2012
Without seeing what they actually wrote, it probably means the estate is still being resolved and close of escrow needs to be 120 days out from the time of the offer. 3-0-45 days is the norm.
0 votes Thank Flag Link Sat Jan 28, 2012
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