Two Days Before Closing The Furnace Dies
I represent the seller in a short sale and literally two days before closing the furnace dies. We have had the property listed since March 2012. We've been under contract since June 2012. We've come a long way and are so close to the finish line.
This is a short sale and neither the sellers or the buyers have any extra money. The seller's have a severe financial hardship. The buyer's are utilizing a down payment assistance program. The home warranty I ordered would have covered it if the sale had closed. It hasn't closed yet so they won't.
Edited to add- Citibank, the lien holder, told us that this was an AS-IS sale. They won't even take $500 less if we all take a bite of the $2500 furnace. They did give us a 16 day extension.
So this has been my challenge this week. Working through this problem. Just another day in the life of a real estate agent to solve such a problem.
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