bank: Frustrated with Bank REO in Reno, NV
- 03/29/11 05:22 PM
So, we have a client ready to close on a bank REO in 2 days. We get a call from the listing agent that says the bank (seller) is canceling the transaction due to title issues. Keep in mind that buyer is already financially committed to the transaction ($700 worth of inspections and $400 appraisal) and has spent their own dollar in performing the due diligence they agreed to complete per our contract. Obviously our client is up in arms at this point just 2 days prior to closing. We send notification back to the listing agent that our client is … (0 comments)
So, we have a client ready to close on a bank REO in 2 days. We get a call from the listing agent that says the bank (seller) is canceling the transaction due to title issues. Keep in mind that buyer is already financially committed to the transaction ($700 worth of inspections and $400 appraisal) and has spent their own dollar in performing the due diligence they agreed to complete per our contract.
;)
;)
