Is An Extension Possible?
I have a contract that I am in the process of wholesaling. Here is my dilema:
The property goes is going to be foreclosed on this coming Thursday. I have a person that is interested in the contract, but believes that we need more time in order for the title to clear (search, making sure that there are no more than 2 liens (all that I know about) ). Would it be possible for me to take my contract with the seller as well as a pre approval letter to the courts to get an extenstion of.... lets say 30 days in order to get time to make sure that the title clears? Or is this something that I shoudn't be worrying about? This is my first transaction and I need help as soon as I can get it. Please help, if anyone has been in a similar situation or understands the probate laws... please lend a helping hand.
Thanks in advance.
just a thought ,
you could try getting on line and searching tiltle search. There are companys that can handle that as soon as a day or two if possable( If your town is on line)