Fannie Mae closing - rejected extension

[Tomasz Banas]

I'm buying a property from Fannie Mae. We were supposed to close 4 days ago. We are almost done with everything, title just came back today, CO done, mortgage commitment in place and attorney of the bank that's providing a loan is reviewing everything. The selling agent just notified us that if we don't close by March 31, the deal is dead. He said he asked for extension but it was rejected. All we may need is 2-3 extra days. Any advice? Thank you in advance.

[Sarah Ziehr]

Why can't your lender get it done? If you have title and the mortgage commitment, why do you need more time?

Time is of the essence. Your lender should have communicated a long time ago if he/she ran into obstacles and needed more time. Sounds like they are slacking.