Asked by Vanderbiltam, • Tue Jul 24, 2012
We are purchasing a foreclosure property after a short sale fell through 3 months in. This house was supposed to be very straight forward. Our offer was accepted, we had a closing date, and had already set the utilities to be turned on. However, 1.5 wks ago we were told the deed was not filed. After ~10 hours total on the phone and many meetings, it turned out that a foreclosure template change put a delay in our processing (a big one). We've been in hotels for months now, with 10k in fees spent, and are running out of patience. Our lender agreed to record the deed at closing (we found out that the county clerks office is running on a 4 week delay), but for some reason they are saying the deed still needs to be filed before we close. If we are recording the deed at closing, why does Wells Fargo (the bank that owns the property) still have our deed paperwork and we are waiting on them? Can't they do all of this after closing? Isn't that why you record the deed at closing? Please help!
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