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Updated over 7 years ago on . Most recent reply

User Stats

66
Posts
36
Votes
Elaine Fawcett
  • Investor
  • Worcester, MA
36
Votes |
66
Posts

Deadline approaching: Xome auction - closing timeline

Elaine Fawcett
  • Investor
  • Worcester, MA
Posted

I am getting a 203k loan and my finance guy says they need 60 days to close the loan due to delays in getting quotes, etc. Xome tells me they will only do a 30 day close, they won't extend that. If I enter this, and don't close, I lose my earnest money of $2,500. 

Any advice? Anyone get an extended close? Creative solutions? Anything? I have 3 hours from this post to make my decision. This is something that just came to my attention, and I'm working on a deadline. 

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