REO Property Past Closing Date

[Rance Jones]

I am attempting to close on my first REO investment property. The bank did not have clear title when I submitted my earnest money. I did not think to ask at this stage of the deal. It has been 2 extensions and 4 months and the bank still does not have clear title. response has been we will close when we close.

Is this normal for REOs? If they are outside of the agreed closing date could I back out of the deal and get my earnest money back?