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Updated over 17 years ago on . Most recent reply

User Stats

114
Posts
15
Votes
Amy L.
  • Commercial Real Estate Agent
  • Boston, MA
15
Votes |
114
Posts

Closings that never close. Help!

Amy L.
  • Commercial Real Estate Agent
  • Boston, MA
Posted

I'm trying to close on a property and this thing doesn't want to end. The buyer is working with me, but the lenders seem to keep coming up with excuses and delays. We're now on our 3rd extension and still can't get the lender to give the buyer's mortgage broker a straight answer. It is extremely frustrating!

Is anyone else having this issue?

Does anyone know of any repercussions I can take here? Is there any way to apply pressure to make this closing happen? I don't want to lose the buyer, but I just can't handle the lack of urgency on the part of the lender for the buyer.

Any advice from those of you lenders on site?

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