Title company cancelled the transaction due to seller.

[Brandon Patrick]

Hello All,

I was suppose to close on a property, but the day of closing the title company cancelled the transaction due to the sellers documentation. Long story short the property requires a tripple closing and the title company is not comfortable with the sellers documents. In this case it will take 1-2 weeks with any title company. My agent said he would talk to thte seller agant, but I he has never delt with this before. Would this be grounds for asking for a big price reduction? This was an investment property so we have no problems moving onto the next property. What would the rest of investers do in this situatuion?