Asked by Gonzalo, California • Wed Jul 13, 2011
Contract signed with 30 days escrow. I secured and locked a rate for a loan, got all approvals, did and paid for inspections, removed contingencies. Seller had to be served with notice to perform due to non response to deliver disclosures, dragged their feet on title issues (i.e building permit outstanding, etc) and as result, the close of escrow has to be extended. Because of this, my lock will expire and the interest rates are up causing the bank to ask for money to extend the lock or face a higher interest rate. What is my recourse. I feel I did everything right and prompt.
Popular Categories in El Dorado County
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!