What are my legal rights and options?

[Anthony Stokes]

I closed in escrow on a REO property 1-30-08. The title company said that the seller docs should be received in 24-48hrs. I asked what happens if they do not receive the sellers docs in this timeframe and she said that it would be a re-closing in which I could pay more or less. My question is how can this situation benefit me legally since I have already paid the closing costs and I am waiting on the seller? If I was to breach the contract at closing as the buyer, I would be responsible for many fees and possibly facing legal action.