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Updated 12 months ago on . Most recent reply

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89
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26
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Lilly Fang
26
Votes |
89
Posts

Wholesaler failed to close, what can i do? Pinpoint offers

Lilly Fang
Posted

Pinpoint offers (the wholesaler) failed to close escrow. The seller was still in the house. Pinpoint said it’s clearing a title issue. Someone in their own team said the seller was waiting to close her purchased home. I requested a clear and definite date of close. They said they are actively working to clear title and can’t give a clear date.

I already had contractor lining up for the work and now had to inform them the delay. 

I can’t let this delay indefinitely since I am going abroad for a month in June. I can’t sign the closing document while I am traveling from country to country.

What can I do? Can I give them a deadline? If no closure by 5/10, I have to cancel the contract. Should I get a real estate attorney? If so, any recommendations in California.

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