Buying foreclosure and worried about completing by Nov 30th

**Yacker** · 10-19-2009, 08:53 AM

Hi,
I am buying a foreclosure that we just got into contract today and the bank seems awfully slow. I've been getting my mortgage broker going right along so there shouldn't be any hangups there. Is there anything I can do to get the foreclosure bank to push this a long so I don't miss the Nov 30th date for the 8k rebate. This was a big incentive for me to buy my first place and now I might miss it by a few days or even longer. Wish I could be grandfathered in to this program.

Anyone have any advice on how I could push this along faster?

Thanks,
Steve

**markbrian** · 10-20-2009, 06:35 AM

This really depends on the terms your agent negotiated in the contract. I would suggest having your agent speak with the listing agent to strongly express your concerns.

**PCaparas** · 10-21-2009, 12:57 AM

Yeah it depends on the terms of the contract. What is the close of escrow date? Plus I am sure the bank wants to close the deal asap so I guess let your agent and escrow know your concerns too.

**rachel** · 10-21-2009, 03:29 AM

Originally Posted by PCaparas

Yeah it depends on the terms of the contract. What is the close of escrow date? Plus I am sure the bank wants to close the deal asap so I guess let your agent and escrow know your concerns too.

Hi,

I think you are right as, it totally depends on the term of the contract, as if it is set up for a particular period of time than, it will not create much problem or it will be even more better to ask about this to a banker or to a realtor that is nearer to your place.

Thanks!!