Dear all, will REO properties usually delay on closing date? If so, how much further beyond the closing date they first mentioned? Any feedbacks welcome?
Usually they try to get the closing done before the end of the month and would prefer an earlier closing. Closings may be delayed if the LTV (loss to value) ratio is such that they need approval from the investor or if they are waiting on the trustee’s deed to be recorded, etc.
Usually they try to get the closing done before the end of the month and would prefer an earlier closing. Closings may be delayed if the LTV (loss to value) ratio is such that they need approval from the investor or if they are waiting on the trustee’s deed to be recorded, etc.
Usually they try to get the closing done before the end of the month and would prefer an earlier closing. Closings may be delayed if the LTV (loss to value) ratio is such that they need approval from the investor or if they are waiting on the trustee’s deed to be recorded, etc.
Usually they try to get the closing done before the end of the month and would prefer an earlier closing. Closings may be delayed if the LTV (loss to value) ratio is such that they need approval from the investor or if they are waiting on the trustee’s deed to be recorded, etc.
Usually they try to get the closing done before the end of the month and would prefer an earlier closing. Closings may be delayed if the LTV (loss to value) ratio is such that they need approval from the investor or if they are waiting on the trustee’s deed to be recorded, etc.
I bought a Countrywide foreclosure, and the bank had me agree that if the escrow did not close within 30 days, I would pay 1 tenth of 1 percent per day of the sales price if the home did not close on time or sooner.
These banks want these properties off thier books fast.
I bought a Countrywide foreclosure, and the bank had me agree that if the escrow did not close within 30 days, I would pay 1 tenth of 1 percent per day of the sales price if the home did not close on time or sooner.
These banks want these properties off thier books fast.
I bought a Countrywide foreclosure, and the bank had me agree that if the escrow did not close within 30 days, I would pay 1 tenth of 1 percent per day of the sales price if the home did not close on time or sooner.
These banks want these properties off thier books fast.
I bought a Countrywide foreclosure, and the bank had me agree that if the escrow did not close within 30 days, I would pay 1 tenth of 1 percent per day of the sales price if the home did not close on time or sooner.
These banks want these properties off thier books fast.
