When purchasing a foreclosure you may have a later closing date than you expected. In many states the foreclosure deed may have not been recorded and it could take 45-60 days to close.
Be flexible with your timeframe. Even if the bank has given you a closing date, they still usually have 30 days additional to fix a title issue.
Rosemont Financial Inc - Simi Valley, CA
Simi Valley Real Estate
45-60 or until the lender feels like it. You are very right about being flexible.
Aug 24, 2007 03:47 AM
Keller Williams Realty Boston North West - Lexington, MA
Realtor - The House For You
Tenant laws vary from state to state. Usually when a property is foreclosed on, the listing agent will offer tenants cash for keys to vacate quickly. I would recommend you find out your rights by going to http://www.hud.gov/ and looking at your states rules.
Aug 27, 2007 05:13 AM
Rainer
161,937
161,937
Christina Bennani-Persechini
Realtor - The House For You
Comments(4)