Geram-nya!!!
The buyer’s lender didn’t fund escrow today. The excuse they gave to escrow was they were too busy. When I was at the escrow office this morning to check the status, the escrow officer said the buyer’s lender called and told her they received everything they needed and will be funding today. I told her to give me a call once that is done. It was around 2:30pm and I have yet to hear anything, so I called escrow. The escrow officer let me talked to her supervisor. I was told the buyer’s lender was not going to fund today but instead of Monday.
Our short sale with the seller’s lender expires on Tuesday. It would be perfect if escrow gets the money today and close on Monday. But now we have to talk to the seller’s lender to give us one more day. This lender was very kind to us as he already extended our short sale transaction three times and he said no more extension, or else they will request for more money at closing. I don’t know what’s with the update after speaking with the escrow supersivor as she said she was going to email the lender and find out more info from him. The lender is in TX, so he might not reply until Monday.
What I am thinking here is what happened if the buyer lender’s doesn’t fund escrow on Monday. We have to wait till after Thanksgiving holiday before we can close the transaction. Worse is, the buyer’s lender is blaming on us for them not able to fund today. S*T*O*O*O*P*I*D … they don’t ever want to take responsibility that it is their fault since we already provided them everything they need and was told they were able to fund today.

