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Tina, Lawyer
Category: Real Estate Law
Satisfied Customers: 5436
Experience:  17 years of legal experience including real estate law.
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My daughter is buying a condominium. Two days before closing

Customer Question

My daughter is buying a condominium. Two days before closing the seller informed us that she has a bankruptcy against her. The bank is dragging its feet on the sellers settlement and it will be several more weeks before it can get done. Now my daughter cannot back out of the purchase and yet we can't proceed with the purchase. Do we have any recourse? What action can we take to get the bank to hurry up?
Submitted: 4 months ago.
Category: Real Estate Law
Expert:  Alex Esquire replied 4 months ago.

Hello. My name is Alex.

Thank you for your question.

I will be happy to provide you with information you are seeking for educational purposes only.

Is the seller in bankruptcy proceedings and has to get approval from the bankruptcy court to allow the sale of the condo?

Please clarify. Thanks.

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