Home Buying in Evanston>Question Details

Averah, Both Buyer and Seller in North Shore, Duluth,...

I made an offer on a house in Evanston that was listed as a short sale, and the offer was accepted, but now

Asked by Averah, North Shore, Duluth, MN Wed Jan 23, 2008

we have missed our closing date because we can't get the seller's bank to a closing. What does this mean for our sale, and what should we do to get this deal to close?

Help the community by answering this question:


The seller's banks are notoriously slow when it comes to closing short sales. This is not unusual, and don't let it throw you. For some reason, they don't understand the concept that it's costing them money for each day that they're not closed.

Stay in constant communication with them, call them often and see if you can manage to get someone to commit to being the "person in charge" of the account so that you'll have "one person" to communicate with... (that may be difficult)... stay flexible. If they've already agreed to your offer, they just have to move through the process, and they move like syrup.

They're likely to throw up another barrier or two in the process.... don't be deterred.... good things come to those who wait.... and call, and call, and call.

good luck.
1 vote Thank Flag Link Wed Jan 23, 2008
Alan May, Real Estate Pro in Evanston, IL
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