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09-16-2007, 12:44 AM
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Join Date: Jan 2007
Location: Wherever I am
62 posts, read 54,326 times
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Does anyone know how long closings might take in the Albuquerque area?
Been checking out all the posts here and I must say I have to overlook a lot in trying to get to the heart of where to live in the Albuquerque area. In the meantime, I've been renting for a year and it's not helping my finances. I have just about decided on Albuquerque now I need some info on closings. If I found something on my first visit would it take a long time to close. I know it depends on a lot but say everything was in order, pre-qualification, etc. how long would one have to wait to close on a home?
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09-16-2007, 02:05 AM
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Closing usually depends on your mortgage company. The faster your mortgage funds, the faster you will close on your property. The latter primarly depends on your credit history. A mortgage broker could give you the details of your specific situation. Perfect situation you could close in a month.
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09-16-2007, 03:39 AM
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Junior Member
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Join Date: May 2007
Location: Grand Junction, Colorado
7 posts, read 7,288 times
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Yes, or better.
Our offer was accepted on the 15th and we closed on the 10th.
-Bill
Moderator cut: link deleted
Last edited by scirocco22; 01-08-2008 at 11:18 PM..
Reason: great homepage but including it as a signature in every post is against our T.O.S. Sorry.
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09-16-2007, 11:44 AM
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Member
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Join Date: Jan 2007
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62 posts, read 54,326 times
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Quote:
Originally Posted by bullionbuks
Closing usually depends on your mortgage company. The faster your mortgage funds, the faster you will close on your property. The latter primarly depends on your credit history. A mortgage broker could give you the details of your specific situation. Perfect situation you could close in a month.
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Thanks for your reply. I will check with a mortgage broker. |
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09-16-2007, 11:45 AM
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Member
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Join Date: Jan 2007
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62 posts, read 54,326 times
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Quote:
Originally Posted by ridingduo
Yes, or better.
Our offer was accepted on the 15th and we closed on the 10th.
-Bill
North and South |
Thanks a lot this is a great help!!! I appreciate your time! |
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09-16-2007, 01:38 PM
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Fall is here!!
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Join Date: May 2006
Location: The Great Southwest
4,015 posts, read 2,970,147 times
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Quote:
Originally Posted by deesturn
Been checking out all the posts here and I must say I have to overlook a lot in trying to get to the heart of where to live in the Albuquerque area. In the meantime, I've been renting for a year and it's not helping my finances. I have just about decided on Albuquerque now I need some info on closings. If I found something on my first visit would it take a long time to close. I know it depends on a lot but say everything was in order, pre-qualification, etc. how long would one have to wait to close on a home?
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There are yet other variables, including the terms of the contract and the title/title company. If there are no clouds on the title or other problems, your mortgage funding will determine how quickly you can close. |
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09-17-2007, 04:28 PM
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14 posts, read 20,488 times
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I was assuming all underwriting related issues. ie. Liens and such.
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