Thursday, February 15, 2007

still not closed.....

Just an update on a previous post, "The property has been in the family for decades."

One family member can't be found. They were circulating two deeds. The deed sent to this unresponsive family member is now lost along with all the signatures including one from China. The seller has agreed to allow us to escrow $10,000.00 while they pursue a quiet title on the unresponsive family member, but we can't close until they get the deed re-signed by everyone else.

The buyer is hanging in there. The seller has been buying rate lock extensions.

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