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Updated about 17 years ago,

User Stats

34
Posts
0
Votes
Paul Chen
  • Real Estate Investor
  • Monterey Park, CA
0
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34
Posts

Seller keep postponing escrow closing date…

Paul Chen
  • Real Estate Investor
  • Monterey Park, CA
Posted

Is there anything I should / can do about that? Originally they wanted to close before X-mas and only gave me 10 days for inspections which I'd accomplished. And gave me a Notice To Buyer To Perform in return for my minor negotiations; demanded if I don't remove the contingencies within 24 hrs, they may cancel the agreement. Which request I'd also fulfilled. After all, they wanted to close on Jan 4th instead of. And postponed again to Jan 11th on Jan 3rd all for the reason of one of the heir past away for this probate sale, that I do understand for their lost and agreed. But yesterday they're further postponing the closing date to Jan 22nd! In the mean time I'm loosing one month rental for this 4 bedrms / 2 baths SFH, on top of money sitting on Cashier's checks for escrow closing balance without bank interest that has been already lost. Along with the timing chain reaction on my other plans that involves with financial lost outside of this deal causing by the postponing as well.

Your advises and insights are much appreciated. Please also let me know if it would be more appropriate that I should post this under other topic.

- Rookie

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