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I know for a fact the owner wants to sell to us the house. It is an empty house and has been empty for months. They are paying taxes, utilities and upkeep on an empty house. They are trying to find a CO for a patio that was put in the front yard. I just don't understand why all of this wasn't sorted out when they decided to sell the house. I also don't understand the point of the contract when it really means nothing.
As was stated previously, COs can take time (should have been addressed by the listing agent!), however, you can request that they use an Expediter: someone who almost literally walks all the paperwork through the appropriate departments; for a fee of course...
I am looking at the contract right now and it say "on or before". Unfortunately we only have a week until the contract date. Its a CO for a concrete patio in the front of the house. Because we are dealing with an Estate lawyer, not a Real Estate lawyer, it is taking much longer than necessary. Their lawyer went on vacation for the week so I will see what happens Monday and hope for the best.
I am looking at the contract right now and it say "on or before". Unfortunately we only have a week until the contract date. Its a CO for a concrete patio in the front of the house. Because we are dealing with an Estate lawyer, not a Real Estate lawyer, it is taking much longer than necessary. Their lawyer went on vacation for the week so I will see what happens Monday and hope for the best.
It's Easter/Passover week, so many people did indeed go on vacation, especially since kids are off from school...
I'm surprised your attorney didn't catch the "on or before" - did you ask about that? Don't know what your exact date is, but as I mentioned previously, suggest (or have your attorney do so) that they use an expediter so they can get their act together in a timely fashion. If the Estate attorney doesn't know any, either Tom or I can give you name(s).
Incidentally, didn't your RE agent go over the process of buying a house with you???
It's Easter/Passover week, so many people did indeed go on vacation, especially since kids are off from school...
I'm surprised your attorney didn't catch the "on or before" - did you ask about that? Don't know what your exact date is, but as I mentioned previously, suggest (or have your attorney do so) that they use an expediter so they can get their act together in a timely fashion. If the Estate attorney doesn't know any, either Tom or I can give you name(s).
Incidentally, didn't your RE agent go over the process of buying a house with you???
As far as I knew everything was going on schedule. I've had my commitment for ~2 weeks and the title had been ordered. The title was ordered on March 3rd and my attorney got it last week. So, I guess that took longer than expected. My contract states I have to close on or before next Friday. My rate expires on Monday. Throughout the process I was told everything was moving on schedule. I am just getting nervous that I have until Friday and have heard nothing about a closing date or whether they have a CO.
What would happen should the contract date pass without us closing?
Have you guys dealt with a similar situation? Is it still reasonable to close by next week?
As far as I knew everything was going on schedule. I've had my commitment for ~2 weeks and the title had been ordered. The title was ordered on March 3rd and my attorney got it last week. So, I guess that took longer than expected. My contract states I have to close on or before next Friday. My rate expires on Monday. Throughout the process I was told everything was moving on schedule. I am just getting nervous that I have until Friday and have heard nothing about a closing date or whether they have a CO.
Call your RE agent and have her/him call the seller's agent - possibly losing a sale should motivate both! "on or before" - would ask the attorney how he/she interprets that (I'm not an attorney) and if it's bad news, why it wasn't caught!
Quote:
Originally Posted by mambwe
What would happen should the contract date pass without us closing?
See above - ask the attorney-legal advice!
Quote:
Originally Posted by mambwe
Is it still reasonable to close by next week?
Depends on the lender and the attorneys. In the past, closings within 7-10 days were possible if rare; things are different now and each lender has their own requirements/quirks. Of course you still have to get the two attorneys to agree on a date...
Good luck!!
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"on or before" - would ask the attorney how he/she interprets that (I'm not an attorney) and if it's bad news, why it wasn't caught! 
