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Updated almost 10 years ago on . Most recent reply

User Stats

17
Posts
3
Votes
Matt Hanson
  • Rental Property Investor
  • Saint John, IN
3
Votes |
17
Posts

Bank Delayed Closing

Matt Hanson
  • Rental Property Investor
  • Saint John, IN
Posted
I recently joined BP and have found tons of answers that have come up while shopping for our first SFH rental. We were supposed to close on our first deal in a few years this Wednesday, but the bank is delaying the closing (I didn't get a reason yet). This is foreclosure from a big bank. My question is is this common to experience delays in foreclosures regardless of specified dates? I'm a little bummed since we have a renter lined up and now the date to close has been moved back.

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