Has anyone out there ever had or heard of a bank cancelling a sale on a REO because the buyer was 2 days late in making the additional deposit due at the end of due diligence ??
They did/do not have any back-ups – craziest thing !!! Yes, it’s within their contractual rights to do so but I would think their 1st priority would be to get the deal done for the banks & their depositors best interest.
Would appreciate all your comments. Thanks much