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All Forum Posts by: Anthony SD

Anthony SD has started 1 posts and replied 1 times.

Foreclosures

Post: REO closing delay by the seller

Anthony SDPosted
  • Posts 1
  • Votes 0

I was in the escrow for a REO property. After the money was wired to escrow and ready to close, a lawsuit was filed by the previous owner against the bank the next day. I was told that it will take another 30 days for the bank to settle. What should I do? Should I file extension for 30 days as a buyer? However, it is the delay caused by the seller. Can I request a per diem from the bank? How about the reimbursement for the delay it caused?

0 Votes