My husband got a new job in the Buffalo, New York area and we started househunting immediately. We found a house we loved and submitted a bid for it which was accepted by the seller. We did the home inspection not even two days later. We had a closing date for September 13. Last night we got an email from our mortgage servicer saying that they are still waiting on the title and survey from the seller and that closing may be delayed or even canceled, depending on that.
I'm trying really hard to keep it together, but we are afraid this is going to fall apart. We live in coastal Florida and we can't just pop over and pick out a new place without expending some cash.
If this deal falls through, are we just out all of the money we spent on the inspection and appraisal? To say nothing of the cancelation fees for the moving company. It's a VA loan if that matters. Thanks .
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source https://www.reddit.com/r/RealEstate/comments/165bqll/title_problems/
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