21 Jul Can seller’s cancel a transaction because we are going to miss closing by a day or two?
We were set to close this coming Wednesday (7/24) and the appraisal wasn't done until the last Wednesday and as of end of business Friday, the report still wasn't back to the bank. This was when it was due. So now we will not have the required 72 hours from signing the closing disclosure.
There are multiple emails and updates from the bank that all say were just waiting on appraisal. Also our rate lock expires on Thursday 7/25.
Can the seller be a jerk and just back out? And what can we do if we miss the rate lock?