Bank Delays Closing, what to do?

My Bank (well Credit Union) is unable to deliver the closing documents in time. I sent all documents from my end about a month ago, but my credit union can't mail us the documents until 2 business days before closing and we are doing a mail away closing.

I guess I am just looking for some advice, if this puts us in a bad spot like if the seller can renege on the contract if they want to or if there are any other negative repercussions. Also, looking for advice for what to do in dealing with the bank, if I have any recourse. Is this a big deal or is it rather common? Thank you.

More real estate tips at Program Realty Wix site

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s