Escrow Contract Expired. Seller wont sign Addendum. What Can I Do

[Tom Squire]

Bigger Pockets Community, 

I'm feeling a bit disheartened at the moment. I had a great duplex under contract with a 60 day escrow to allow for the 203k loan to have enough time to process. I was going to do the BRRR strategy and live in one half. Great location, great price (after it appraised for less than what we offered). We got the seller to agree to a purchase price (lower than the original offer due to the appraisal) and had an addendum signed. But we could not get the loan to come through in time from the original offer and escrow expired. The seller did not want to sign another addendum to extend the escrow by less than a week.

What can I do to salvage the deal?

[Michelle B.]

What Dan Bryskin said.

Anytime a buyer can't close on time the only way I continue is with a very short extension and an additional big, fat, non-refundable deposit.

For me, money talks and BS walks...

Good luck!
Michelle