Auction, Who Sets close Date?

Question

Anyone have experience here?

Auction.com property.  Thieves starting breaking in this week.  All those years of it sitting, nothing. Why now, I don't know.  Took the nice appliances.  Hopefully, nothing else.  Window damaged so reentry is easier now.

Sellers title company originally said they close 30 days from seller signed purchase agreement.  And, they'd know more when they got it back (they did, almost 2 weeks ago).  But, shortly thereafter I told them I'm also using a local title company (for just title insurance and paperwork, I guess, as seller's comp won't budge on title search and settlement fee?).

Local company has been vague with the details.  Last week, I asked for date and they said they were still waiting to hear from seller company.  Should I push for this, or just assume it will be the 30 days from the date the seller signed?  Auction.com closer has not directly answered the question when asked.

I feel like someone should state the date, so at least there is  a working goal.  Who should confirm what it is?  Or, is that not important?

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I read these posts every free moment I have.  If it weren't for you all, I'm not sure that I would have found the courage (or knowledge) to jump in.  Thank you.

Account Closed · Answer

Account Closed  It seems like everywhere I was looking, I was reading advice to use a local title company.  (ex.  Don't trust the sellers company, they are too slow, they don't file the paperwork on time, it only costs a few more $ to close local, nightmare). As much as I tried to understand it all going in, that part I was clueless about.  Since the local company seems to have only just sent a few emails at this point- should I just switch back to the Seller's company?

Account Closed · Answer

Just to make it clear for the temporarily clueless folk like myself....

Involving a local company, as is often suggested as general practice, does not necessarily make things hassle-free.  At least in my case, I thought I could just move the whole process over to a local company, but things are not so easily dissected and the seller's company (which is across the country) is getting paid (at least minimally) no matter what, by you.

Last contact I had... the local company was telling me they'd reached out to the banks company, and hadn't heard back.  When I involved the Auction.closer, the banks company said they'd been responding to my local company but hadn't heard back.   As of last week and my emails, they seem to have connected.

I'm sure it will eventually work out, but as with good lessons sometimes, you pay for the experience.  If you don't know what you are doing, and are used a broker-like experience where they text you closing dates and such with smiley faces included - forget about it.  If people start stealing stuff out of the house, no one but you gives a hoot.

The good news is that I'm a quick learner ;)