Arghhhh

[Account Closed]

So the closing on the house I've had in contract has been pushed back again (second time). I spoke with the wholesaler yesterday and it seems that the they are "still working with the front side title company on getting the HUD’s ready" No idea what that means, and when I spoke to them, there is a small possibility that the house won't close at all. So after a month of getting estimates, financing in place, insurance and all that $#!+, I might have to start all over again.

I understand that it happens, but why are banks dragging their feet to get these foreclosures off their books? Seems to me they would be busting their @$$ to get it done.

[Jon Holdman]

Its par for the course when buying a REO. The fact you're buying a REO from a wholesaler makes it more complex still. There's a possibility the wholesaler doesn't have their ducks in a row and is the cause of the delay.