Trying to “close” on my house & the lender is putting up roadblocks. Help!?

Question by sunnygirl1: Trying to “close” on my house & the lender is putting up roadblocks. Help!?
The sale of my home in Virginia is being held up the the Buyers lender. I have fulfilled the terms of the contract to the letter yet the lender has put up one roadblock after another. No issues were raised prior to the closing date although my agent submitted all inspection reports and paperwork in a timely manner. The buyers lender has made repeated mistakes on the HUD, which delayed the closing twice and now they are questioning the termite inspection report. We had a minor termite problem, had the house treated and repaired the damage (a $ 10 piece of baseboard). We fixed the damage ourselves because we couldn’t get anyone else to do it prior to the closing date. The termite inspector looked at my repair, said it was good and submitted a report saying there was no longer a problem and the work was complete. Now, the lender says they need a report stating that the structure is sound. I pointed out that the pest control company is licensed to inspect for insects and visible damage and that they are not structural engineers. The pest control company will not send a report regarding the structural integrity of the house because it is beyond the scope of their job function and poses a liability issue. My agent and the buyers agent are at a loss as to how to work this out and the lender is standing firm. We are a week PAST the scheduled closing date and I am still paying taxes and insurance on a house I can’t seem to close on. These people are costing me money!!!
Does anyone have any VIABLE suggestions on how to resolve this issue. Has anyone had a similar experience and resolved it. Do I have the right to be re-imbursed for the expenses I am carrying because of the lenders ineptitude and procrastination?
Please, only serious responses. Thanks!
Doesn’t the lender have to be more pro-active by giving the seller an opportunity to address issues PRIOR to the closing date??? How can they drop these things on a seller after the scheduled closing date? Isn’t is incumbant upon the lender to give REASONABLE notice if there is an issue to be addressed?

Best answer:

Answer by acermill
Your option here is to balk more and have the buyer walk away. I don’t think you want THAT. And no, you are not entitled to reimbursed for any expenses. You can simply declare the offer null and void due to failure to close timely.

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