Did you close on time?

carrie9142September 1, 2013

sorry wrong forum

This post was edited by carrie9142 on Sun, Sep 1, 13 at 17:33

Thank you for reporting this comment. Undo
weedyacres

movin' on down...

    Bookmark   September 1, 2013 at 10:36PM
Thank you for reporting this comment. Undo
lafdr

When we bought our house, we closed the day we had planned. No major hitches. Roof repair could not be done before closing. But title company held a check (seller had agreed to pay) made out to the roofer (?800$) that was paid when the minor repairs were completed.

There was a slight scramble the final hours when it was discovered that the property tax had been paid in full already, but the numbers were calculated for only a half year payment. As it is, our payment will change when they do the escrow analysis It was easier to keep it at the old number than change everything. It maybe effects our payments 50$ and we should have a good credit at the analysis.

The lender did require a letter to explain 1)Why we were moving within the same town. 2) Why I had opened a Lowes and Target card in the past year (to get the 5% off on all purchases). But we knew early on and got it done.

My friend bought a house a few months ago and it was delayed about a month. The bank giving the money got nervous the husband was going back to school and was cutting back on work......which somehow was disclosed sometime into the purchase process. It was especially ridiculous since they had just sold the prior home and were coming in with a large down payment.

    Bookmark   September 8, 2013 at 7:38PM
Thank you for reporting this comment. Undo
lafdr

When we bought our house, we closed the day we had planned. No major hitches. Roof repair could not be done before closing. But title company held a check (seller had agreed to pay) made out to the roofer (?800$) that was paid when the minor repairs were completed.

There was a slight scramble the final hours when it was discovered that the property tax had been paid in full already, but the numbers were calculated for only a half year payment. As it is, our payment will change when they do the escrow analysis It was easier to keep it at the old number than change everything. It maybe effects our payments 50$ and we should have a good credit at the analysis.

The lender did require a letter to explain 1)Why we were moving within the same town. 2) Why I had opened a Lowes and Target card in the past year (to get the 5% off on all purchases). But we knew early on and got it done.

My friend bought a house a few months ago and it was delayed about a month. The bank giving the money got nervous the husband was going back to school and was cutting back on work......which somehow was disclosed sometime into the purchase process. It was especially ridiculous since they had just sold the prior home and were coming in with a large down payment.

    Bookmark   September 8, 2013 at 7:53PM
Sign Up to comment
More Discussions
Verbal offers suddenly surface
Too much drama. We put offer on house number one, house...
Randy Ritchie
Off market for 6 days, why? ncrealestateguy?
Hello, long time lurker, first time poster. I hope...
heather483
Real Estate Agent Fees
My nephew is selling his condo, the agent that is selling...
enjoyingspring
Hall bathroom with claw foot tub, garden view but no shower.
We have a 4 bd, 3 bath house that I am getting ready...
gwarring
Relocating and Finding New Services/People/Businesses
If you are moving or have moved to an unfamiliar town...
DLM2000
Sponsored Products
Mini Star Chrome Six-Light Bath Fixture with Royal Cut Sapphire Blue and Clear C
$900.00 | Bellacor
Sea Gull Lighting Pendants & Hanging Fixtures Brentwood 1-Light White Outdoor
Home Depot
Muse Concealed Thermostatic Triple Shower Valve & Diverter 3 Outlets
Hudson Reed
Lucy Rug 5' x 8' - IVORY
$1,099.00 | Horchow
Red Cedar Royal Highback Rocker
Fifthroom.com
Home Decorators Indoor/Outdoor Area Rug: Home Decorators Collection Rugs
Home Depot
Theodore Oiled Bronze and Glass Swingarm Wall Lamp
Lamps Plus
Amba F Straight FS-20 Hardwired Towel Warmer - FSB-20
$536.00 | Hayneedle
© 2015 Houzz Inc. Houzz® The new way to design your home™