Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago,
What is "post com advance?" (NYC foreclosure)
Hey all,
The closing on a house I'm pending on just got adjourned, and I don't understand why. The email from the bank's lawyers states:
"As requested by Mr. Wank [the referee] we need to obtain proof of post com advance made by our client. As such closing cannot occur tomorrow and has to be adjourned."
What does this mean?