Subject: Denial of Request for Time Extension — Home Purchase in Chicago, Illinois [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP Code] Dear [Recipient's Name], I hope this letter finds you well. I am writing in response to your recent request for a time extension in the process of purchasing a home in the vibrant city of Chicago, Illinois. We have carefully reviewed your request, taking into consideration the circumstances provided. However, regretfully, we must inform you that we are unable to grant you the requested time extension. We understand the importance and significance of purchasing a home and acknowledge the possible complexities that may arise during the process. Nevertheless, we have a responsibility to adhere to certain policies and procedures to ensure smooth transactions for all parties involved. As you may already be aware, the real estate market in Chicago is highly competitive, and securing a property within specified timelines is crucial. Unfortunately, an extension would disrupt the agreement that both the buyer and seller have committed to, potentially causing inconvenience and financial implications for all parties. Furthermore, it's important to note that we have timelines in place to ensure efficient home purchase transactions and to comply with legal requirements associated with mortgages, appraisal, inspection timelines, and closing procedures. Deviating from these timelines often leads to complications and regulatory issues that we must avoid. We understand that unforeseen circumstances may arise, leading to delays in the purchasing process. However, it is essential to ensure that all aspects of the transaction are completed promptly to avoid unnecessary stress and complications for everyone involved. We highly recommend considering alternative options to expedite the purchase process, such as engaging a reliable and experienced real estate agent or mortgage provider. These professionals can offer valuable guidance and support throughout the process and help expedite any outstanding tasks, thereby ensuring a smooth and timely completion. While we regret being unable to grant your request for an extension, we remain committed to assisting you in any way possible to facilitate a successful home purchase. If you have any further questions or need additional guidance, please do not hesitate to contact us directly. We appreciate your understanding in this matter. Your cooperation in adhering to the established timelines is crucial, not only for you but also for all parties involved in the home purchase process. We remain dedicated to providing exceptional service and support throughout this journey. Thank you for your time, patience, and cooperation. We look forward to finalizing this transaction and witnessing your happiness as you embark on homeownership in the beautiful city of Chicago, Illinois. Yours sincerely, [Your Name]
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.