Updated almost 19 years ago on . Most recent reply
Losing time and money
I had two closings set for end of May....one was fine...of course the other became a huge pain. At least it was the less profitable one. Sure enough there was a last minute snag which came at the 11th hour. My buyers buyer had a problem with their mortgage and because my sale is contingent on his sale...I'm stalled. According to my lawyer they have a "reasonable" amount of time to work it out. So I can do nothing but sit and wait. I can't pull out from the sale, but instead every day I lose a little money holding the property. Fun, fun.
I've already shipped out my staging furniture, and had the property off the market for a month. He has a 10k deposit. Will I be able to get some of that if this sale falls apart, and I have to start over?