Seller Not Cooperative
I need help !!! I am escrow for a house I offered at $251k but can be appraised to $300k. However, the seller was not cooperating when the time came for us to have an inspection done. The first time, he did not remove all the junk that got in the way of the inspector, so we re-scheduled it. The next time, he padlocked the house, with even his agent (who was with us) not knowing where to reach him. Now we are at a loss. Is the seller trying to tell me something? I don't want to lose this deal. I already have a buyer waiting for me to rehab the place and sell it. What should I do in this case. I greatly appreciate any answer you give. 
Umm, have you talked to the seller? You won't know if he's trying to tell you something unless you talk to him.
I actually work through agents. ( this is my first deal) The sellers' agent told us she can't get a hold of him either. My agent is waiting for any news so far. The only thing I am doing now is documenting everything that is going on. We also signed an extension of the "inspection time" and closing period. Can it be re-extended?
My $.02
Determine now before you do anything else how much more money and time you are willing to invest in this. (Law of diminishing returns and all that stuff)
Remember also that if they have essentially closed this deal then any escrow money you have in this is all yours!!!
If you're looking for opinions, I believe that you're being way to cooperative with a seller that doesn't wan to deal anymore. Did you by chance mention that you had a buyer lined up?
I'm not sure how you ran your numbers or the profit/return that you expect to make, but from the numbers you posted, this isn't going to be that great of a deal anyway.
If the seller isn't cooperating, then play hardball. Tell them that the contract is void, and you'll just have to find another deal. If they come back to you, offer a lower price.
Don't get stuck on any one deal. There's too many out there to waste time on one.
Roger
In California you use a "Notice To Seller To Perform" - telling him to let you inspect or the deal is off. If he doesn't - then the deal is off. You look weak if you do less, and are setting yourelf up to be abused. No deal is good enought to keep after it if it turns bad.
Or maybe theres a problem with the house he's hiding?
thank for your advices, I have an idea of what to do now. Godspeed !!!
You may have your attorney draft a letter to the seller, mentioning his failure to perform. His lack of cooperation and brrech of contract (contracts ususally state the seller has to let buyer in to inspect), is costing you money. Parhaps that will put a fire under the seller and help him see his responsibility to live up to the agreement he signed.
I thank you all for advising me. I finally had the inspection done and the appraised value (was done on same day) was worth the wait. I hope this would turn out to be a promising start for me. God bless you all !!!