Real estate residential closing

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Real estate residential closing

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Real estate residential closing

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21-09-2006, 08:00 AM

jaylin

Active Member

Join Date: Aug 2006

Posts: 11

Real estate residential closing

Welcome all,
I am in the process of selling a condo in nyc.
The contract was signed by both seller and buyer on July 21,
I received a 10% deposit which has been placed in an escrow account.
The buyer also has a written mortgage commitment and condo board approval.
The buyer expressed the need to close quickly, so in the contract of sale - the on or about closing date is August 21.
It is now September 19, and I have still not closed on this property.
I have requested 3 different close dates and the buyer is never available.
She used the out of town excuse twice, her third excuse is that she needs to transfer
monies. We are now 30 days passed the on or about close date.
At what point, if at all, can I ask that the buyer be responsible for my carrying costs of the condo.
At any point is there a deadline, or can this buyer just take her time???
Regards

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