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Updated over 8 years ago,

User Stats

18
Posts
6
Votes
Stephanie Preasha
  • Investor
  • St. Petersburg, FL
6
Votes |
18
Posts

Bank unable to provide marketable title by closing date

Stephanie Preasha
  • Investor
  • St. Petersburg, FL
Posted

I had a closing date of today in which I had a SFR under contract to purchase. I was informed by my agent that the LA stated WE needed to send them an extension addendum to which my agent replied we are not the ones requesting the extension so the seller should supply this.

Title agent gave a list of items to be completed before sale of home including a death certificate needing to be recorded, a re-foreclosure against heirs, etc.  These items seem like they could take weeks and possibly months.

I know I can elect to have my EM refunded but I found it strange that the LA did not feel it was his responsibility to provide an extension request to me.  

Has anyone dealt with a case like this?

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