Venting

[David Kosiorek]

Situation: Townhome that was REO in which the bank accepted my offer after FOUR counteroffers.... Then nit picked my initials on the offer document 3 seperate times in which since my name is written (first, last, Jr) they did not like me signing DMK for initials... So then the bank required 10% EMD Cashiers check 2 days after acceptance... with a 12 day closing (calendar days). Well Friday is the 12th day, which I planned to close. Bank isn't ready / title company just got paperwork, 10 day delay. Do I have any recourse? I'm not in the business of giving out interest free loans, certainly to banks.

Yes, I still want the property.  Yes, this will easily be a success story in about 45 days or so.  

[Bill P.]

Welcome to the world of real estate. You'll be find. Just got to get use to the ineptitude of financial institutions, sellers, title agencies, buyers, investors, real estate agents and even yourself once in a while. REI is a great business but it is a people business, not a property business.