Question for the real estate agents on here

[Elke Mariotti]

Originally Posted by kdlugozi

Standard mortgage with over 20 percent down. Our lender started the title check last week, right after the appraisal. So, if all goes well- from your post it sounds like we *should* be nearing the end then.

And the guy we are buying from has already started moving in with family, as he is an elderly widowed gentleman. So I will keep my fingers crossed we go to closing fairly soon.

Title search is usually ordered by the buyer's attorney (unless the attorney already forwarded the info to your lender).
If your lender has been on top of your paperwork all along, updating your financial info etc., and the title search turns up nothing out of order, 30 days is entirely possible. Some lenders are faster than others... (think well oiled machine )

[kdlugozi]

Thanks! Yes, I think our attorney ordered it and our mortgage rep sent us an update on the progress. He has definitely been on top of things, as has our attorney. And they have worked together on a lot of closings, which seems to help so far. I am always nervous about the other shoe dropping. I guess it has become my nature, because with 5 kids I have to be cautious, to make sure everyone is taken care of and nothing or no one falls through the cracks. LOL.

[VanillaEps]

Originally Posted by okaydorothy

Title check is usually the last thing to be done. We sold three homes this year on long island and they all took between 30 - 90 days to close. The quickest was a cash deal. It also depends on the type of mortgage you are getting as some are slower than others.

What's the rate of incidence on cash deals?