Closing Deadline only a few days away... no signed contract

[Lynzer4]

So my closing deadline is (November 6). I emailed the title company a few times asking about it over the month and wasn't told anything. Friday they finally respond and said they were waiting on the seller.

I do know the seller is in South America because of the contact so I'm sure that makes things a little slower but we are almost at the deadline.

What happens if the title company doesn't get the signed contract back by Nov. 6. Do I still wait?

I ask here because you all seem more helpful then the companies I am working with. I can't get the listing company to respond (takes like a week from the day I contact them) and the title company just says we are still waiting on the seller.

Thanks

 

[supersnoop]

Either you sign an extension or you get your deposit back and walk away.

 

[Smilelea]

If I were in your shoes, I would take the following into consideration before making a decision to walk away:
1) Is this contract exactly what I wanted, or just close enough to be OK?
2) Do I feel like I got a really good deal on this contract, or just so-so?
3) related to #2, Do I feel like I could get a better deal with what's out there now?
4) Do I think that I could start over from scratch, find a new contract, get the offer accepted, and so on through closing, faster than I could get this one completed.

That's not an exhaustive list, but some things to think about in making your decision.

 

[sndral]

I'm not sure about South America (which country?) but for many international sellers it is a challenge to find a notary to sign their documents in front of, which will add time. I've read of international sellers having to schedule appointments at a U.S. embassy to get documents notorized, so it's not like a U.S. resident who can run to their bank or nearby FedEx office and get something notorized. International mail also takes more time w/ clearing U.S. customs, so even once your sellers have signed their documents it may take a couple of weeks for them to arrive at the escrow/title company.
Just curious, is this one of the well known DVC brokers and did they tell you before you made your offer that you were dealing w/ an international seller which usually adds time to the process? I know when I bought last spring the Timeshare Store was very clear from the get go that I had international sellers so I knew what to expect.

 

[disneynutz]

Buying from sellers outside of the US will generally take longer, sometimes much longer.

Bill