Skip to main content

closing cancelled at last minute seller on pre foreclosure

Closing cancelled at last minute seller on pre foreclosure. NJ so yesterday was our closing We went to the final walkthrough in the morning and everything seemed fine but then when we went to the lawyers office to finish the closing There We were told that the seller was on pre foreclosure and that We were gonna have to wait untill they get the value of the seller payoff with the extra fees of the lawyers in charge of the foreclosure. 1. We didn't even know he was missing payments until yesterday. 2. According to our lawyer the seller mortgage is with roundpoint mortgage and is really hard to contact them " the seller and his lawyer are doing everything that they can to expedite the numbers we need but nobody even pickup the phone. 3. We were planning to move by next week because our apartment lease is due. 4. Theres no warranties that they gonna get the final amount anytime soon because the reputation of roundpoint mortgage.

What we should do? We been under contract for more than 3 months! Our rate is very good 4.5 and is locked for 40 days more the house is a one family in a very nice area in North Jersey we were very happy but now We are afraid the seller might not be able to get the paperwork we need. Hes an old man it doesn't speak English and he can't even open an email. We should just wait? Our lawyer told us that we can Sue the old man, But Whats the point to sue somebody thats broke have 5 children and have to pay child support.

Please If anybody have any ideas our a phone number or email to contact roundpoint directly any help will be appreciated directly

submitted by /u/Embarrassed-Ad-6319
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/13rldql/closing_cancelled_at_last_minute_seller_on_pre/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/
Post a Comment
Read more

Co-signing as non-primary resident - effect on size of required downpayment & first time home buyer status?

Contemplating co-signing on a house with my mom and splitting the mortgage payment. I currently have a significantly higher income and much better credit than her. I'm looking at potential home costs and related downpayments but have difficulty using some of the online estimators. From my perspective, this would be somewhat of an investment purchase (I intend to stay in my current location in a different state and contribute to the mortgage), however, for my mom, this would be a primary residence. For purposes of the downpayment size and the type of mortgage arrangement, would it be an investment property or a primary residence? Many thanks for any help. submitted by /u/piercalicious [link] [comments] source https://www.reddit.com/r/RealEstate/comments/km4hvl/cosigning_as_nonprimary_resident_effect_on_size/
Post a Comment
Read more