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What happens if a bank misses the closing date for a mortgage

 
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Asked by

Lemuel


What happens if a bank misses the closing date for a mortgage? Marc-andre
0     In Mortgage

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    Q. If the bank fails to get papers by closing date?


    ON Canada - which papers are you talking about - from you. There would be no closing. The lawyer will not release the funding to the seller of the property and you may have to face a lawsuit from the seller of the house.

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    Can you help us by answering one of these related questions?
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