Asked by sunwalkinn, San Diego, CA • Thu Sep 27, 2012
The close of escrow on sale of my home has now been delayed for almost a month. I moved out of my home a few days before the closing date to comply with the contract's closing date. I was never given any clue that things were not on track to close on time. The bank lost papers, found problems AFTER the contingencies had been removed, failed to communicate with the Realtors and the buyer and basically did not perform. I had to pay an additional month's FHA interest and it costs me $50/day for every day past closing to rent another place. I'm not in a position to afford this. If I force the buyer to close, how many days does he have and can I keep the deposit money if he doesn't perform. He has put down 10% as a deposit. I'm being told that if I'm the one force the closing, then I will lose the money. Thanks for your help.
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