You may browse through or search for answers to previous questions. Just click on the question summary to see the full text of the question and answer.
Ask a question
Ask a question
Questions 1-1 of 1:
- I've recently purchased an REO property and am in the process of closing escrow. It was supposed to close April 30th. The rate lock on my loan was supposed to expire tomorrow May 13th but I was able to get an extension until the 19th. Being as it's the seller's (the bank) fault that we did not close on time if it goes past the 19th will the seller be liable for additional points required to buy the interest rate down to my original rate?
- Kris
from Oakley, CA
The banks and title companies are taking longer due to increased volume. The bank will not reimburse to extend a lock. You should always give yourse [more]The banks and title companies are taking longer due to increased volume. The bank will not reimburse to extend a lock. You should always give yourself an extended amount of time to close an REO [less]
Questions 1-1 of 1:
