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

Fast Rising HOA Fees on NYC Condo, No Budget Provided

My wife and I are first time homeowners and could use some advice on a situation we've been having with our management company and Board. We bought a condo in Brooklyn two years ago, and since then our HOA fees have climbed dramatically. In August of last year, our fees were increased by ~30% and just yesterday we received notice that this new figure would be increased by 16% as of June 1st. The by-laws for our building state that ten days before such a change goes into effect, the Board must provide unit owners with the itemized budget upon which the new numbers were based. This didn't happen last year, and when I asked the management company about it, they just kept vaguely insisting the Board had done due diligence. After I kept pressing, they finally sent a budget that was several years old, so obviously not the one that the new numbers were based on. When I asked the management company for contact information for the Board to get further clarification, I was told that th
Post a Comment
Read more

How to create fidelity investments current bank statement for lender during escrow

I transferred a certain amount to my bank account to complete the minimum down payment required. The bank wants a current statement of the transaction. Unfortunately, fidelity only does quarterly statements so a December statement is not available and we are due to close next week. I called fidelity and they they can only provide a letter but the bank said that won’t suffice. Any way I can find or make one of my own that has my account number/name along with all the recent month’s activities? submitted by /u/bodaciousbeans [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zmnnqo/how_to_create_fidelity_investments_current_bank/
Post a Comment
Read more