I have a very hard to sell home that was on the market, and we received and accepted an offer. Closing was Monday 25 JUL 2022.
The Buyers were not able to close. The Buyers did not complete the loan requirements, the lender failed to order an appraisal, and the Buyers' attorney failed to provide proper notifications.
My Broker now says the Buyers are no longer able to "get out of the deal" because they are in default. If they can't close, we would keep their earnest money of $5k. The Buyers' are being charged my daily interest charge on my loan of $17 per day.
I am simply hoping the Buyers can get their act together. If there is one party, I think truly dropped the ball it is the mortgage broker. He should have been on the mortgage issues weeks ago.