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Updated about 5 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Michael Ricklick
  • Rental Property Investor
  • Modesto, CA
1
Votes |
6
Posts

Recourse for Delayed Closing?

Michael Ricklick
  • Rental Property Investor
  • Modesto, CA
Posted

It is the holiday season and we had a closing date on a duplex of Dec. 6th, which currently has no end in site. The seller's broker has a history of delays, their attorney was running for public office and their title company has lost paperwork. Our NY lawyer will be giving the seller a "Time of the Essence" letter. Do I have any recourse? 

Most Popular Reply

User Stats

17,434
Posts
30,085
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,085
Votes |
17,434
Posts
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

Here is the real question......Do you want to buy the property? If yes....then dont get sidetracked by wanting to win.  Closers close deals and learn how to navigate problems.  Winners would rather win at something even if it means not closing. Be a closer, dont be a winner.

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