Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 about 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...