I am a new investor and found a fannie may repo that I was able to get for 48000 and it appraises for 67000.
My investor that was suppose to close with me tomorrow, has backed out due to medical issues that just arose. How can I get the bank to give me another closing date without losing the deal or my earnest money, so that I can find either a hard money lender or another investor? Does anyone know of any hardmoney lenders in Kansas? And how much time should I request? Im suppose to close tomorrow.
Any help and insight would be greatly appreciated.