Purchasing MF but green card will take 2-3 months?
I am in contract to purchase a 6 family building in NJ. Green card inspection was done but will take 2-3 months for the actually green card to be issued.
Since no green card in hand my lender requires 5k in escrow to cover any suprises. I do not want to wait 2-3 months to close. What should I do?
Who should bear the responsibility of the 5k in escrow - seller or buyer?