Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 17 years ago on . Most recent reply

User Stats

114
Posts
15
Votes
Amy L.
  • Commercial Real Estate Agent
  • Boston, MA
15
Votes |
114
Posts

Closings that never close. Help!

Amy L.
  • Commercial Real Estate Agent
  • Boston, MA
Posted

I'm trying to close on a property and this thing doesn't want to end. The buyer is working with me, but the lenders seem to keep coming up with excuses and delays. We're now on our 3rd extension and still can't get the lender to give the buyer's mortgage broker a straight answer. It is extremely frustrating!

Is anyone else having this issue?

Does anyone know of any repercussions I can take here? Is there any way to apply pressure to make this closing happen? I don't want to lose the buyer, but I just can't handle the lack of urgency on the part of the lender for the buyer.

Any advice from those of you lenders on site?

Loading replies...