Thanks for your reply. You are in a bit of difficult position here because you've passed your deadline. As a result, as between you and your seller, your seller does have the legal right to terminate the contract due to the extend date having passed. But, as between you and your lender, you would have the right to pursue the lender for damages due to their delay causing you to default under your purchase contract. You would want to to send them a demand letter seeking your damages and letting them know if they do not timely comply within a short specified period of time with your demands, you will be filing a suit for not only actual, but also punitive, damages due to their gross negligence in handling your loan. As for your seller, you may want to ask the seller what, if any, additional price you could pay to entice them to close and then include that in your damage demand from your lender.
This is the part of my job I don't like...when the law is not in favor of my customer. I wish I could tell you that you could force the seller to further extend the closing date, but, I can only provide you information based on the law so that you can act on the best available information to you. ………..I wish I had better news, but can only hope you recognize and understand my predicament and don't shoot the messenger. I'm sorry!
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