Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

257
Posts
18
Votes
Mark Beekman
  • Investor
  • Phoenixville, PA
18
Votes |
257
Posts

Need advice on closing delays for Auction.com property

Mark Beekman
  • Investor
  • Phoenixville, PA
Posted

I won a SFH auction on Auction.com on 9/27. Offer was accepted by the bank, purchase agreement was signed by both parties, earnest money was paid, etc, etc.

The closing was originally scheduled for 10/27, but they had me sign an Extension of Closing for a closing date no later than 10/31. 10/31 came and went and I just now received an email from Auction.com telling me to sign another Extension of Closing with a closing date of on-or-before 11/14. 

I emailed the Title company on 10/30 and received this response:

We are still currently still pending the updated title that reflects the fcl deed being recorded. ETA of the updated title is next week [this current week]. Once we receive that, the new deed will be sent to seller for execution.

A two and a half week delay isn't all that bad in and of itself, but does their excuse sound legitimate? I'd hate to wait until the 14th just to have them request another extension.

This is my first Auction.com deal, so I may be making mountains out of molehills.

Loading replies...