U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 09-13-2011, 02:33 PM
 
Location: Heart of Dixie
1,298 posts, read 2,020,066 times
Reputation: 1594

Advertisements

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!!!
Rate this post positively Quick reply to this message

 
Old 09-13-2011, 03:35 PM
 
Location: Surprise, Az
3,502 posts, read 8,835,433 times
Reputation: 1855
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.
Rate this post positively Quick reply to this message
 
Old 09-14-2011, 05:40 AM
 
Location: Heart of Dixie
1,298 posts, read 2,020,066 times
Reputation: 1594
Quote:
Originally Posted by ibarrio View Post
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...
Rate this post positively Quick reply to this message
 
Old 09-14-2011, 06:14 AM
 
Location: Plano, Texas
1,675 posts, read 6,618,922 times
Reputation: 693
start to finish, most loans should be closed in 30 days or less.
Rate this post positively Quick reply to this message
 
Old 09-14-2011, 09:35 AM
 
Location: Heart of Dixie
1,298 posts, read 2,020,066 times
Reputation: 1594
Quote:
Originally Posted by VictorBurek View Post
start to finish, most loans should be closed in 30 days or less.
I'm right at that mark...
Rate this post positively Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:
Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate > Mortgages
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top