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Bill, what you want to do is have your agent ask their agent for the current loan approval, IF you do sign the extension then you want to include "peir deim intrest" set it for $100 a day, if they fail to perform they must pay you $100 a day until it closes. I list bank owned properties in Southern California it's what we do every day all day... We do sign extensions but they must provide a loan approval so we can see what all is needed. If you need help PM me and I can look at thier approval for you to see if it's a solid deal, I used to do wholesale as well...
 

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ok FROM a real estate agent now...

Closing date passing doesnt matter

there is a way out.. because of the fact that you did not close on the closing date they needed to file an extension in order to extend the closing... once they file this extension, then all your attorney has to do is reject the extension, therefore cancelling the contract...

failure to satisfy a contract

you can tell them that there is no extension and they have to close today or its over..

easy as that

call me with any questions

Matt Mika
ERA Realife Realtors
773 406 1792 (cell)


are you using a real estate agent in this transaction

Agreed, if you are looking to back out...
 
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