Closing woes in Missouri
I can’t tell if this is a good or bad omen. I was SUPPOSED to close on a property today - notary meeting was being scheduled.
I received an email from my lender stating “a document was recorded that will not allow us to move forward without further clarification”. Super weird, I call the sellers (a turnkey provider) they informed me there was an “intent to sue” against a sub-contractor which means the title of the property is no longer clean!
All properties this individual worked on are affected for an unknown amount of time. A cease and desist letter has been filed. To complicate further, the rate lock on my loan expires 10/18 - I think it’s $9/day to hold the rate - I’m not paying and I’ll have to ask the seller to pay - I want the property but this feels like a warning. What do you think?