Expat Community > Italy

Designer99
Joined 2020
Posts: 4

STUCK

4 years ago

We traveled to Italy in early January, 2020 with the goal of purchasing a retirement home and moving about April 15.

We transferred €100.000,00 to our Italian bank as a down payment on the house that we selected, and it was paid to the seller. It is not being held by a neutral third party or in escrow.

We arrived back in the USA on January 19, the day the first case of COVID-19 was reported in the USA.

Since then, we cannot even get back into Italy to sign the mortgage and conveyance papers. So, our money is gone unless we can get the purchase finalized. This is a large sum of money to us!

The bank that gave us our mortgage (Unicredit) requires is to be in Italy to open an account in order to grant and service the mortgage. This offer is good until October 23, 2020.

We are US citizens. We're stuck and concerned about losing our money and the property, too. We are not concerned at this time with getting our extended visas--(one step at a time).

Can anyone shed some NEW light on how to move forward with our purchase finalization?

Thanks to all!

William Russell

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Expat Community > Italy

STUCK

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