We are at the end of a 7 month wait to purchase a short sale. The sellers are getting divorced and getting anything signed from them is a Pain. We are supposed to close next week, but we still don’t have the final short sale approval from either of their 2 mortgage holders. Can the seller’s banks hold out like this? They had the audacity to ask for a 30 day close and now our lender is asking for those letters to guarantee funding. We are supposed to provide proof of funding to fulfill our end of the P&S. But we can’t because the sellers’ (banks…) haven’t given us the approval letters that our mortgage company requires….. Do we have any recourse? we’re ideal buyers, we have 25% to put down. We’re sick of the delays and run around.. Can we do anything besides just taking it and waiting???
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