Reo Foreclosure Homes
Reo Foreclosure Homes
Closure of a house?
We planned for 5-5-08, however there are some problems with the title, and the sellers agent and has notified me today a new deadline of 30 days away from today …. us out of this contract is that we schedulied to close at 5.5 per contract and return all money we have paid … This is a home foreclosure (REO) …
You may have ground to back out because the seller does not offer with title deeds. 30 days is a long time to spread. It can benefit your agent to negotiate some form of compensation, ie a reduction of money or bank to give some closing costs for you, as the delay is on the other hand, issues of securities. ( "Look, my buyers will walk into this and recover their earnest money back. I believe that reducing the price of $ 5,000 or pay some closing costs, which may be able to keep this transaction together. "What opposite bank starts again from scratch) is certainly worth a try, if they have not lost any faith, but either have been left out of love with the house.
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