The buyer could also ask for more time, and if the seller agreed, both parties would sign an extension before the end of 8/15.

This seems to be no different than if a customer went into a restaurant kitchen and damaged their equipment, thereby preventing the restaurant from earning income.Thank you in these instances we:1.

In March, Corporate extensions were filed...waiting for a K-1's etc.

If there is extensive damage (ie they need to replace flooring and drywall), she may want to move out for a while.

Just need to put myself out there and make relationships so deals can come quicker instead of doing what I’ve been doing and getting stuck in the “analysis paralysis”.Apologies for the extensive response and I thank you for your reply!

I would be curious to know if anyone knows of any other instances across the country in which this has occurred.

Our team has extensive knowledge of IL tenancy laws.

Delayed Occupancy Due to Property Repairs or Improvements Home improvements or refinancing loans for extensive changes to the property which will prevent the veteran from occupying the property while the work is being completed, constitute exceptions to the “reasonable time” requirement.

For instance, the appreciation potential / depreciation risk, tenant demand, neighborhood quality, etc. can all vary dramatically within a single metro area. 

Fortunately or unfortunately, you are actually going to encounter more of these instances of stagnant inventory.