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/u/Silly_Marsupial6979
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Update: Apparently retirement account will be used but they said they've known basically from the beginning that funds were needed. Excuse given is that buyer has a challenging work schedule and cannot complete tasks and respond to lender requests in a timely manner. No, we haven't agreed to anything yet.
We are the sellers. Found out the morning of closing that the buyer was short on closing funds in excess of $13k. They've asked for an extension of 7 days. This is the second extension - the first was for 5 days due to what they said was a family emergency.
I'm beyond frustrated. How does this even happen?! I had a detailed loan estimate before we made an offer on the house we want to buy, and knew exactly if I was going to be able to cover the closing costs. Do people really buy homes without having an understanding of closing costs??
submitted by /u/Silly_Marsupial6979
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Buyer short on closing funds
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We are the sellers. Found out the morning of closing that the buyer was short on closing funds in excess of $13k. They've asked for an extension of 7 days. This is the second extension - the first was for 5 days due to what they said was a family emergency.
I'm beyond frustrated. How does this even happen?! I had a detailed loan estimate before we made an offer on the house we want to buy, and knew exactly if I was going to be able to cover the closing costs. Do people really buy homes without having an understanding of closing costs??
submitted by /u/Silly_Marsupial6979
[link] [comments]
Buyer short on closing funds
Continue reading...