Legal Question in Real Estate Law in Michigan

About a month ago a bank accepted our offer on a home they owned. We signed the purchase agreement and they gave us a closing date. The day before closing the realtor called to tell us we were not able to close on that date anymore so we had to go sign an extension. We then recieved another closing date. About a week after recieveing that closing date we were called in to sign extension papers again. This time we were told that the bank had actually sold the home to another bank but the new bank was going to uphold our purchase agreement. Then we recieved another closing date. Now two days before closing we had to sign more extension papers. We are now on our fourth closing date and we don't have much hope that it will be our actaul closing date. I'm just wondering if all of this is normal or if we should be seeking some type of legal aid on this..


Asked on 10/11/12, 7:36 am

1 Answer from Attorneys
Stuart Collis Collis, Griffor & Hendra, PC

It is not unusual to have closings extended but it is unusual to have it happen four times. You may wish to review your contract regarding your rights to break the contract if you believe you will never get title to the house. However, you will probably want to contact your realtor and ask why these hold ups are occurring.

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Answered on 10/11/12, 9:10 pm


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