Arrrghhh! I'm so tired of waiting!! (loans, loan, property, banks)

[round4]

I'm cashing out a rental home. I've jumped thru hoops of conditionals for weeks, I thought last week I'd get a closing date, nothing, still waiting on the underwriter to sign off, all conditionals have been met, waiting on closing date...

Is this time frame(about a month from the start, already) UNUSUAL? or is it par for the course, first time doing this, and I thught I wouldn't survive conditionals... I'm so impatient!!!

[ibarrio]

Put an offer in August 24th. Went back and forth and accepted the the banks offer on Sept. 4th. We should close before Oct. 27th. It is a Homepath home but we are doing FHA. We still got the 3.5 closing and bonus for our Agent. So it is a process. Surprised you didn't get a closing date.

[round4]

Originally Posted by ibarrio

Put an offer in August 24th. Went back and forth and accepted the the banks offer on Sept. 4th. We should close before Oct. 27th. It is a Homepath home but we are doing FHA. We still got the 3.5 closing and bonus for our Agent. So it is a process. Surprised you didn't get a closing date.

I found out yesterday why...it's being corrected today, and my agent says we should have closing date by end of week...had to do with the legal description of the property...She says they should sign off today on that last conditional, hopefully she is correct...

It's long and drawn out and nerve racking...

[VictorBurek]

start to finish, most loans should be closed in 30 days or less.

[round4]

Originally Posted by VictorBurek

start to finish, most loans should be closed in 30 days or less.

I'm right at that mark...