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Has anyone closed a day after the deadline?

Posted by Smitty on September 22, 2010 at 11:35am in Short Sale Discussions
Forgive me for posting this again...I'm confused by all the forums.
 
We were set to close on Friday, but the lender for the buyer said they can' close until Monday instead of Friday.  The approval for Greentree is until Friday. 

 

Greentree won't issue exentsion until approval is expired but if we get another approval, by the time they send it we could or would have closed.

 

Greentree is second lender and first lender said we could close two weeks from now.

 

Has anyone ever encountered this? 

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Replies

  • Mike Horton September 25, 2010 at 10:04pm
    Greentree has given me several days extension before. As long as you don't cross a month end you should be ok.
  • Wendy Rulnick September 23, 2010 at 3:24pm
    Smitty - you need to escalate your request to a supervisor at Greentree to get the next day extension.
This reply was deleted.
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