Title Company Requesting an Extension of Search

[Account Closed]

Hey all,

Shortly after the new year, I placed a winning bid on Auction.com, two weeks later the bank signed and we've been under contract since. Per contract, we have a closing date of 2/17 but the title company is now stating this date is pending their title search, and that if we reach that date and the search isn't complete, they may file an extension.

Has anyone experienced this? A title company requesting an extension to continue their search?

Of course I prefer to have a clean title and have no issues when I sell, but I'm wondering how long this could take? They mentioned the extension could be two week to 30 days, or however long they need.

Fortunately per contract, I can get out if we reach that date and haven't closed.

I purchased title insurance. I went with their title company.

[Ron S.]

Every day...not an issue that i'd be concerned with personally. I'd be appreciative that they are trying to be thorough. Maybe they've found something that could be a headache down the road.