Kathleen (Kat) Becker,
Agent, Santa Monica, CA
Hi Capital:
Work it out. It's just 3 days. Get the extension of escrow and talk to your lender. There is an expiration on the loan documents...find out the date...then see if you can fund 2 to 3 days prior to the 10 days.
Im sure there is a solution.
Good luck!
All the best,
Kat Becker, Realtor
Prudential California Realty
katbecker@prula.com
Work it out. It's just 3 days. Get the extension of escrow and talk to your lender. There is an expiration on the loan documents...find out the date...then see if you can fund 2 to 3 days prior to the 10 days.
Im sure there is a solution.
Good luck!
All the best,
Kat Becker, Realtor
Prudential California Realty
katbecker@prula.com
Rob Hughes,
Broker, 19382
Capital1, very sorry you are experiencing this. Unfortunately Emily is correct, Suing the Federal Government takes tremendous money and time. Better to just work things out with them and close your property a few days later and laugh this off some day down the road. Those of us who have been full-time in Real Estate 10+ years have seen this kind of thing happen quite often.
HUD is basically selling you a property well under value, and their attitude is it's their way or the highway. I had one 2 years ago, and any time there was a change made took a week or two for the powers that be to approve the change in writing. And none of it changed the terms of the original agreement. Give it a little more time and work it out.
Best of luck,
Rob
HUD is basically selling you a property well under value, and their attitude is it's their way or the highway. I had one 2 years ago, and any time there was a change made took a week or two for the powers that be to approve the change in writing. And none of it changed the terms of the original agreement. Give it a little more time and work it out.
Best of luck,
Rob
Web Reference: http://www.delvalrealestateofpa.com
Emily S. Knell,
Agent, Orange County, CA
You've paid for an appraisal, you've done your home inspections, had your mortgage lender, escrow officer, Realtor do a ton of work for you so far & HUD needs 3 more days than expected to close & you want to sue?
Seriously?
Positive to this situation is your closing costs will be 3 days less as expensive in prorated taxes, insurance, etc.
Do you think you're going to take the Department of Housing & Urban Development into Judge Judy's courtroom? How much do you want to sue for, for HUD needing 3 more days to close your deal?
If I have totally misunderstood your question, I apologize in advance. Shoot me an email directly if you want to talk about this some more. I don't look back on this same Trulia thread for answers posted after mine.
EmilyKnell1@yahoo.com
562-430-3053 c
Realtor Since 1996
Main Street Realto
Seriously?
Positive to this situation is your closing costs will be 3 days less as expensive in prorated taxes, insurance, etc.
Do you think you're going to take the Department of Housing & Urban Development into Judge Judy's courtroom? How much do you want to sue for, for HUD needing 3 more days to close your deal?
If I have totally misunderstood your question, I apologize in advance. Shoot me an email directly if you want to talk about this some more. I don't look back on this same Trulia thread for answers posted after mine.
EmilyKnell1@yahoo.com
562-430-3053 c
Realtor Since 1996
Main Street Realto
Web Reference: http://www.EmilySellsHouses.ListingBook.com
Dan Tabit,
Broker, Sammamish, WA
Capital1,
"Can I sue" is a legal question that requires a lot more of the facts then you can or should supply here. What your other options are I don't know. Read over the escrow instructions and discuss this with your professionals, your agent, lender and the escrow company. Between the three of them, they may come up with a better solution than a lawsuit. In court, the only winners are the attorneys.
"Can I sue" is a legal question that requires a lot more of the facts then you can or should supply here. What your other options are I don't know. Read over the escrow instructions and discuss this with your professionals, your agent, lender and the escrow company. Between the three of them, they may come up with a better solution than a lawsuit. In court, the only winners are the attorneys.
