I have been under contract with a buyer since 9-24. We were suppose to close on 10-24, and was canceled on the day of closing, because of an unexpected tax lien that showed up, so I extended closing to 10-31, but we didn't close. Extended again to Nov 8th at $50 per day. Didn't close...Extended again to Nov 14th at $50 per day...You guessed it...Still didn't close. Was asked to extend again to Nov 21st, as of yet I have not signed amendment. I ended up meeting the buyer over the weekend, I was there to check on property and she stopped by because she said she was excited. She also told me that she had a tax lien (which I already knew) for $3k that she paid off. (also agent asked me to raise purchase price $5k to help with buyers closing, and I did it)
The lender told me Friday that they did not have a ctc yet and that it was just re-conditioned. I do have an agent, but it's in the middle of the night an it's on my mind now, so I decided to come here and get others thoughts, before making a decision or talking with my agent. I talked to my lender and I was thinking of sending over a termination with stipulations (don't know if that is possible) that if buyer applies with my lender I will extend the contract. Or should I just send an amendment stating that I will extend only if buyer applies with my lender. The attorney said today they still have not received the cd from lender, so at this point I think they may need to extend past the 21st. So I was thinking to just terminate, the buyer will lose her earnest money, but of course I rather have the sale. However if buyer agrees to apply with my lender I will extend at no cost per day, but buyers agent and lender are good friends so I don't know if agent will relay the message even though she is suppose to.
