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144 Days to Closing |
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AS-IS House. Seller is Wells Fargo Bank, and we are also using Wells Fargo for the loan to buy this house. There is a specific date of 6/29/07 as the close of escrow. Due to the seller's escrow company losing our docs, seller fixing title (?), and many other delays due to seller - it is now our 144th day of escrow. 114 days after the close of escrow was to happen. We have been told there is nothing to do but wait because none of the delays had anything to do with us (the buyers). We had finally signed papers on October 3rd. Then there were more delays. Can you tell me if there is anything we could do? |
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First of all, for readers in states were escrow closings are rare: "days in escrow" means time between contract and closing, transfer of title.
Then, yes, when you're dealing with an institution and committees, what you need most is indeed patience. I don't know that you could do anything, unless perhaps you want to try registering a complaint with the state agency that oversees banks. If you plan to do that, write to the president of WElls Fargo first telling him about it. Sometimes that brings quick action. |
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Edith
Originally published on October 22, 2007 |
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