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Updated over 11 years ago on .
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Posable very long purchase???
I have a property under contract, was suppose to close on the 20th of the month, however it has still not closed, im a merchant marine, and have to go back to work in about 2 weeks, march (10th )(1st purchase) all cash deal, needs some work fannie may foreclosure. Had already put 10% down and have cash to close I dont want to back out, realtor suggest that I dont its great deal. He is not exactly sure of issue. Something about the new mayor and everthing being backed up. But if I do not close with the week ill be going overseas shortly. So my ques is should I get a temporary power of attorney, Also realtor suggest that since I have done everything right on my end, its on them and I can close in 6 to 7 mths when I return is this poasable I would be Ok with it, on the other hand I slightly wooried about property basically being abbondoned for the next 7 mths suggestions please