rental homes: Case Study: Closing day SQUEEZE? What would you call it?
- 04/10/07 09:29 AM
Buyer and Seller have a a fairly amiable relationship throughout the initial stages of the transaction. Unfortunately, the transaction does not close in 30 days as agreed. The closing date is extended for an additional 20 days and then another additional 15 days to allow the Buyer to obtain his (100%) financing. Finally, approved for his 100% loan, the closing date is set. Both parties receive the HUD a day in advance. No issues are raised....everything appears to be in order. Both parties arrive for closing at the same time. Outside the building, the Seller greets the Buyer with extended arm and … (7 comments)
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