Trouble with an EMD lender

[Nolan Whitaker]

Hey everyone, me(19) and my partner(17) are new to wholesaling, we got a good seller finance property under contract and needed an EMD lender and ended up getting one. In our contract with the lender there is no timeframe stated for when the property needs to close by and the lender needs to be paid. However, getting the house sold has taken a little while longer than we expected due to a survey requested by the buyer and surveyors in the area being booked up and unable to get to the house. I now have the EMD lender blowing up my phone saying he needs to get paid and if I dont pay him by a certain period or pay more money due to the length its been he is going to "blast" me on his social media and stating he is the "last person I want to mess with", is this allowed? and how do I go about dealing with this.

[Chris Seveney]

@Nolan Whitaker

It does have a term which is five days after closing or cancellation of contract

I would politely reply - “sorry it’s taking longer for the buyer to close but it’s not in our control and we have not breached the agreement as it states we will pay you within five days of contract close or cancellation which neither has yet to occur.