08-20-2014, 07:32 AM
Maybe if you changed the title of the thread...as it implies far more than an extended escrow (as you realize by now that is very common here....we had a cash offer on HPP land that was extended over 2 months...we finally had to allow the land to go, even though we had already paid for a survey... and the house that we finally did buy was 2 weeks extended, even though we had a full cash offer...title company did not get everything in on time....
So what most are telling you here:
It is very common for a contract to be extended, and you have many options, but no, you really aren't kinda f'd....unless you can look at most every land & home owner on island as kinda f'd when they buy property here. Kinda f'd is when there has been damage that the seller will not fix, no way, no how & the bank will never close on it after you have put in money
BTW - NEVER spend money on a property that is not yours, unless you can afford to lose it...for us losing the cost of the survey hurt, but we wanted to be sure that we were purchasing the lot that we thought we were... if you have put in $6K on this property already and you do not own it & there is always that chance it will not close....yikes!
So what most are telling you here:
It is very common for a contract to be extended, and you have many options, but no, you really aren't kinda f'd....unless you can look at most every land & home owner on island as kinda f'd when they buy property here. Kinda f'd is when there has been damage that the seller will not fix, no way, no how & the bank will never close on it after you have put in money
BTW - NEVER spend money on a property that is not yours, unless you can afford to lose it...for us losing the cost of the survey hurt, but we wanted to be sure that we were purchasing the lot that we thought we were... if you have put in $6K on this property already and you do not own it & there is always that chance it will not close....yikes!