Lender’s have reserve requirements they are obligated to have for loans on properties in which they initiate foreclosure procedures on.OR YOU COULD SAY THIS:In fact, it could be argued, once they create a pattern of accepting my payments, they can’t even accelerate the Due-on-Sale clause.OR YOU COULD SAY THIS:Yes, it is.

XXIV.PLACE OF CLOSING: Closing shall be held in the county wherein the Property is located, at the office of the attorney or other closing agent designated by Buyer; provided, however, that if a portion of the purchase price is to be derived from an institutional mortgagee, the requirements of said mortgagee as to time of day, place and procedures for closing, and for disbursement of mortgage process, shall control, anything in this contract to the contrary notwithstanding.

Here in CO, you could start eviction procedures 11 days (IIRC) after the sale, unless the PTAT act was in effect.They may not need an attorney for the closing, but sounds like they do need one for foreclosure laws.

Again, seek legal advice from your attorney or the legal aid office and follow all the rules to the "t" so that you don't have to pay unnecessary fees or start the process over because you missed something or didn't follow a procedure correctly.

What is the procedure to pay the taxes as a new loan to the borrower?

The listing agent should be able to go to the servicers and explain why there is a delay and ask them to extend the date on the approval letter and then you and the seller signing a closing extension.There has to be some procedural hurdle that is holding this up.

After over a million dollars with the finest attorneys, they were able to get The FCC to drop there investigation.

Following proper legal procedure is imperative. 

Process > Procedures > Workflow > Accountability to yourself places a big part in your investments.

I am fearful that they will have to amend the mortgage to contain the proper legal description of the property and re-do the entire foreclosure procedure with the correct legal description.