After multiple attempts over the past two weeks to get an extension because of tax transcripts not processed by IRS yet, this is the response we received.  We were supposed to close by 6/1, not sure why she says Monday.  No response to our request for an extension.  I'm running out of ideas/energy etc.  After 9 months of trying to buy this house I am completely approved pending tax transcripts, it looks like I"m losing my dream home.  The appraisal came in at $10K under purchase price, I'm even willing to come up with the extra money for that, but I can't change the fact that they have not addressed our request for an extension.

 

Any ideas anyone?

 

Here's some of the email received

 

From: [email protected]
[mailto:[email protected]]
Sent: Friday, May 28, 2010 2:01 PM

Subject: Bank of America - Message Alert: File

Message Inserted (05/28/2010 02:01 PM) On:
    1396 E XXXXX
    
    Message Inserted (05/28/2010 02:01 PM) On:
1396 E XXXX

Your HUD has already been approved. You were supposed to close Monday. We
cannot change the sales price.

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Replies to This Discussion

Kelli, we need more information. Who needed tax transcripts? BofA? Buyer lender? Is it the buyers delay or Bank Of America's delay? Why did it not close?
Sorry, I am the buyer and my lender needs my tax transcripts. Because I owe taxes in 2009 the IRS has told me they process those returns last and don't even start until after 4/15. They should be done in a week or two, that's why we needed the two week extension. Loan has been approved by underwriting. We also sent in the VA appraised value which is $10K less than the agreed purchase price and asked for a reduction in price.

I ended up emailing the closing negotiator and every other person I had an email for and I think things are starting to move. They are willing to look into matters and I was told they'd even extend the approval if need be. They're going to look into it on Tues, the day the approval letter expires, but at least I'm getting some communication at this point.

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