Asked by Jennboree, Fort Worth, TX • Tue Mar 8, 2011
seller do? The buyer moved in last Dec, putting $500 in earnest money and requested 45 days to close. The 45 days came up with nary a peep from the buyer's lender and the buyer requested an extension. That extension passed, 3 days later and yet another extension was signed, along with $1000 more earnest money. Now we are nearly to the end of that 30 day extension and the lender is still not responding to anyone's request for updates on the loan. We aren't even sure if the buyer is approved at this point because we get absolutely nothing from the lender when we ask! As sellers, what can we do? Or do we just have to wait for the extension to run out and end the deal with the buyer, starting all over again?
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