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Foreclosure in Eustis : Real Estate Advice

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Brooke OMall…, Real Estate Pro in Sarasota, FL
Fri Nov 7, 2008
Brooke OMalley answered:
Dianne,
This happens often on the bank owned foreclosures, since the owner of record changes, sometimes several times before the property is listed. I've had a similar issue where it was just a quit claim deed that needed to be signed, and it was a matter of who needs to sign off. Unfortunately it probably says that if the buyer needs to extend beyond the agreed closing date there will be a $100 per day charge, but since the additional time is needed by the seller, a standard real estate contract allows 30 or more days for the seller to clear any title defects, the bank addendums may allow for evn more time. This can put a buyer in a position to have to wait to close, and does not allow the buyer the option to withdraw or be released from the contract, you just have to wait it out.

If you have any buyer leads for Real Estate Property Sarasota, Siesta Key, Bird Key, Lido Key, St Armands Circle, Longboat Key, Holmes Beach, Bradenton Beach, Anna Maria Island, Lakewood Ranch, Downtown, Tara, University Place, University Park, The Meadows, West of the Trail, Golf Course homes, Boating Properties, Waterfront, REO's I pay higher referral fees than most brokers.

My site is Fantastic if you are looking at foreclosures
www.SarasotaCLUBRealty.com
Regards,
Brooke O'Malley
Real Estate Broker Mortgage Broker
CLUB REALTY
United Home Mortgage Center
941-366-8390
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