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How often are escrow extensions given on bank owned properties?

April 26, 2017Bank escrow extensions given properties

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How often are escrow extensions given on bank owned properties?

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Hi Erin, It is better to insist that your lender perform in a timely fashion than ask the bank on a REO for an extension. The banks usually are interested in closing as soon as they can. I think 2 weeks extension requested by your lender appears too long. On the other hand the bank may review your case and as She-lee suggested if everything looks good they may compromise.