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if the closing is postponed because of the seller does the Purchase & Sale end? or does the closing date just

or does the closing date just get pushed up/
Sun Mar 9 2008, 17:31 - 02649 - Home Buying - 5 answers
 
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Debby
Home Buyer
in Mashpee
Debby, Home Buyer in Mashpee in Mashpee
Answers (5)
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Ellen Marsh,… was FIRST TO ANSWER
Both parties sign an agreement as to their intentions. Usually BOTH will sign to go forward an give more time.....Time is of the Essence (as the legal term has slways stated)
www.JeanSOLDMyHouse.com

Fri Apr 18 2008, 05:10
Web Reference: http://www.JeanSOLDMyHouse.com
 
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were you asked to sign an extension to the P&S?

Sun Mar 9 2008, 18:11
 
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Depends on what your contract says and on the reason it didn't close. Most P&Ss have a built in extension for 30 days to perfect title. Why didn't the transaction close?

Sun Mar 9 2008, 17:48
Web Reference: http://www.provestre.com
 
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I would need more of the particulars to answer the question...why did the seller postpone?

Sun Mar 9 2008, 17:48
Web Reference: http://www.capecodrealestatejournal.com
 
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FIRST ANSWER
Every contract has a closing date. If the date comes and goes and the contract doesn't close, you no longer have a contract. You can extend the closing date with a written extension signed by the buyer and seller.

Sun Mar 9 2008, 17:36
 
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