Closing Issue on Foreclosure

[Adam Summers]

I closed on a SFR in July that I bought on Auction.com. I finished rehabbing the property and got it under contract pretty quickly. I was just told that the closing for the sell of the property was being delayed until the foreclosure accounting has been approved. I tried to get more information from them and they told me that they typically have evidence that the accounting is approved prior to closing. They wouldn't give me any more information than that. Could anyone on here shed some light on what could be going on and why the closing is being delayed. The buyer is saying they are going to back out it the closing doesn't happen soon.

Thanks,

Adam Summers