Asked by Mbf, Takoma Park, MD • Wed Jun 25, 2008
We put an offer on a bank owned property and they accepted. They presented us with the contract and we signed. They were rushing and requested a closing of July 11, which we moved to July 18th. We returned the contract to the listing agent 10 days ago. The bank (seller) has not signed the contract and the listing agent has not heard from them in 3 days. We have given them a $2000 earnest money check, and, on THEIR urging, conducted the appraisal and home inspection, and paid for underwriting, totaling about $1200. Is there anything we can do? Has anyone heard of this happening before? Is there a deadline by which they need to sign the contract? We don't want to walk away, but we are feeling very uneasy.
Real Estate in Silver Spring
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