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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/
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