|
|
| *Ostroff, Fair and Company>>>Renting & Real Estate |
The buyer of my home has delayed closing twice, for a total delay of a week.? |
Yesterday we were at settlement, a cash deal with $5000.00 down. Settlement was at 10 am. Everything was signed by 10:30. All we need to do is have the Title Company disperse the funds. They can't because the wire transfer hasn't reached them yet. The bank says they sent it. The Title company's bank says they didn't recieve it. It is now 5pm. Money still not showing up and I'm told it won't come until the next day (today)10 am earliest. What would you do? I live in Pa. take the cash........... they probably could have.......closed..everything but they didn't you can claim interest for the one day.....??? is it worth it??? and any other damages : eg: penalties for late payments, interest, but then..most lawyers ask you to come in 24 hours earlier if you have to be guaranteed those funds on a certain date ,.so that issue..were you offered that???(that you had to have the funds on a "specified date" to come in 24 hours early) take the money and say thanks......... These things happen, I'd sit it out a day or two and let the title company handle it. Oregon Realtor |
| Tags |
| Canada Taxes Australia Taxes Small Business Renting & Real Estate Personal Finance Investing |
Finance Categories--Copyright/IP Policy--Contact Webmaster |