We are in Florida, USA.
We accepted a contract for our home, with a closing date of August 18. A couple of weeks after the contract was signed, the buyers requested a new closing date of August 11 (verbal through our agents). We agreed.
- August 10, we had our house packed on a truck by a moving company.
- August 11-am, we find out there's a delay on the buyer's end
- August 11-pm, we find out they can't close that day due to complication in the selling of their condo
- August 13, we're informed they're going to close their condo that they're selling the next day
- August 14, we find out they're not able to close again but are on track to close the morning of the 15th
- August 15, we find out there's actually something really wrong in their paperwork for the condo, and they likely can't close at all this week (missing even the original date of the 18th)
The reason, we're finally told, that they haven't been able to close is because someone at their title or lender company failed to file the proper paperwork, thus delaying the entire process.
What this has meant for us:
- We've been charged an additional $2,000 in moving fees from the moving company (since our entire house is now packed in a warehouse somewhere, with no delivery in sight)
- We've had to eat out every meal, every day, because at any moment we could get a call that they're closing and want to do a final walk-through
- We've had to sleep on the floor for going on a week (including our two toddlers)
- We've had to buy clothes for the whole family since we only kept 2 days worth
- We can't close on our new home yet, which is in a different county, resulting in a 45 minute drive to and from a new school for our 5 year old who just started Kindergarten (and a 1.5 hour drive each way to and from work because of this).
We're panicking. We don't know what to do now. Our daughter just started a new school, and loves it, but we don't even have a house near the school yet. We don't know if we can or should even try to close on this house still. We can't afford to keep our house stored though... the total moving cost has already doubled from what was originally planned.
Do we have any legal recourse here if the closing doesn't happen by the contracted date? Can we take action against whatever company it is that delayed the process of their condo selling? Even if we do, wouldn't it probably mean the buyers would back out, resulting in even more heartache because we'd have to unpack our house, relist it, withdraw our daughter from one school and enroll her in another... it's really just a nightmare.