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  1. Peter_Tersteeg

    Why would a seller want to extend their settlement date?

    Loss of rental income? Opportunity cost as the new purchase may have their own deadlines in place? Vendors claim almost double the current interest rates and they keep any incoming rental income. The world's not a fair place and it doesn't go both ways, but it would be nice if it did...
  2. Peter_Tersteeg

    Why would a seller want to extend their settlement date?

    The nasty part of me says you should charge them penalty interest. If the buyer is late to settlement I can guarantee that the vendor would happily charge them.
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