do you help people with a really low income?I want to rent to own but my husband only get less then $300 a month. yes we are newlywed and we do have 2 kids. i just need a two bedroom place... it can be a fixer upper that is fine with
What assurance do you have that the buyers will EVER satisfy the lender's expectations?
You have been more that reasonable and cooperative but there comes a time when you need to stop looking out for the buyers and begin looking out for yourself. A "line drawn in the sand" may help. By setting a reasonable and final date for your closing, established by you and put in writing you may get their attention.
Consult with your agent about putting your home back on the market .... consider doing this sooner than later.
Bamajim50: There are many reasons that a Real Estate transaction may be delayed. Sometimes, it's as simple as obtaining a Homeowners association demand, or an appraisal being late, or loan documents needing corrections, or property tax information may be needed to be corrected on the final closing statement, or if it is a bank owned home perhaps the legal department at the bank took longer than expected, or another signature may be required.
It's not that your agent or the bank wants to delay the transaction. Everything must be correct and and accurate.
If you don't sign the extension then you may be in jeopardy of losing your deposit.
Without knowing the entire details of the transaction and the reason for the delay, no one on any public, virtual forum can advise you correctly.
Delays are typical in many different business transactions.
Without much information is this property bank owned, being sold as is, does the listing price reflect the necessary repairs, etc. Do you have an agent and or an attorney and if so what is being suggested--since none of us are directly involved in the transaction, not sure an accurate answer can be given.... more