Seller is going to pay closing costs in most cases. There are many qualified and insured contractors in this area. If there is a specific home you are inquirring about please feel free to contact me.... more
I disagree that cash is so much better for the bank than cash cash closing. You don't get a cash discount for paying cash or more precisely for waiving the mortgage contingency. Its all cash at closing and fannie mae and freddiemac properties encourage home owners buying as primary residence and buyers given preference during the first 15 days of market time. Investor that pay cash usually use a line of credit that is like cash but really not cash, cash.... more
If the title policy and deed work is not cleared, they cannot close until chain of title and avidavid to allow the sale transfer to you Maybe its a robo signing problem. ask the bank why, have your attorney write a letter to the bank. You wouldn't want a conditional title policy anyway, that would be hard to pass onto a buyer in the future, and hurt your ability to sell in the future. Need to settle clouds on title before property transfer. get legal advice
Is this the same house on fen view you asked about?
Ranj is right again! Chain of title on foreclosures is often the problem and most likely your lender wont like the conditional title policy offered by the seller right now. I say move on, they wouldnt have gotten your earnest money yet.... more