Trying to close on an REO

[Dottie Sadler]

We are trying to purchase an REO home we have an accepted offer and approved loan. We are now waiting to close because the bank did not transfer the title into their name during foreclosure, that has been fixed, but they then did not record it at the local courthouse. We have now been waiting for 3 weeks for the bank to sign the paperwork and send it to the courthouse to be recorded so that we can close. It has now been about 60 days since the accepted offer, our 2nd "close by date" expired today. We have heard nothing. Is this problem typical and does anyone know how long this could take? :mrgreen: