(Closed) *vent* supposed to be closing this week!

posted 8 years ago in Home
Post # 3
Member
3041 posts
Sugar bee
  • Wedding: May 2010

I’m sorry :(. My house closed later than I wanted it to also, it was a HUGE inconvenience cause I had to get my stuff out of my current place. Ended up having to move ALL my stuff into my husband’s parent’s garage & then REMOVE everything 2 weeks later. So… I completely understand!!

Sucks when you triple check, you’re told everything’s good & then they say “ohh we missed this”. It takes a lot of paperwork to buy a house, do you have a realtor? If so, you can ask them for help in all paperwork & they’ll help ya do it!

Post # 4
Member
3762 posts
Honey bee
  • Wedding: May 2010

It is really frustrating that most of this is negligence.  When we bought our house, I seriously called people daily.  I always asked for a deadline when they expected to complete the task and followed up on it to make sure it was completed. 

Post # 6
Member
1498 posts
Bumble bee
  • Wedding: August 2011

My SO is a mortgage lender, there is always something that is missing or incomplete and causes closings to be delayed.  It’s absolutely rediculous most of the time.  There are times when the underwriters at the bank don’t tell them something is missing until the day before a closing is supposed to happen… we are looking at buying a home and I know this type of thing will happen, but it’s still gonna piss me off beyond belief.

Post # 7
Member
3709 posts
Sugar bee
  • Wedding: May 2011

It’s frustrating but hang in there…the end result is worth it =)

The day I was supposed to close the courier LOST my paperwork on the way to the lawyer’s office…LOL! All of my stuff was packed in the U-haul and I had to stay in a hotel for the night and close the next day. Of course it was POURING down raining the next day so after I closed I unloaded everything into the garage of my new home so I wouldn’t mess up the carpet….fun times.

Post # 8
Member
1105 posts
Bumble bee
  • Wedding: October 2009

Sending good thoughts your way that you will close this week!!  We’ve been waiting a week and a half to close…waiting on the bank to send the papers as it was a foreclosure, which shouldn’t have been, but that is another story!!  So everyday either Darling Husband or our realtor call to check in and still no papers.  It gets frustrating, but like JamaicaBride said….the end result is worth it……Good Luck!!

Post # 9
Member
14496 posts
Honey Beekeeper
  • Wedding: June 2011

How long does it normally taken from an accepted offer to closing?

Post # 10
Member
1498 posts
Bumble bee
  • Wedding: August 2011

Depends on your lock period for your loan (you have to get a rate locked to qualify for the home) and if the sellers are trying to get out of the house quickly they may request a shorter time between offer and closing or if they live there they may need more time to get their new place closed on. There are all kinds of contingencies that can delay it also (like if things aren’t fixed in time or up to par after the inspection is done, or if funding falls through…).

Overall, it’s usally between 30-50 days for home purchases. Refinances take longer usually.

 

Post # 11
Member
7082 posts
Busy Beekeeper
  • Wedding: July 2009

We closed yesterday and I think we were in touch with the lender, the title company and the realtor nearly every day over the course of the past few weeks.  So many little snafus can come up without even realizing it.  Even yesterday at closing our title person realized that there was one paper missing.  Luckily it was easy to track down, sign and close… but it was because we had really kept all of our ducks in a row the whole time. 

Post # 12
Member
1278 posts
Bumble bee
  • Wedding: November 2013

Our closing was a nightmare! Everything got stuffed up… the bank only officially signed off on the papers with a few days to go, then my broker told me that we might not be able to settle on time, and I went OFF on him “if you dont close it we will be homeless. You were the one that said it would be fine, so you figure out a way to work it out”. Then the people we bought the house off didnt finish off things that were in the conditions of sale (grouting wasnt done, etc) and so the real estate agent said that if the bank noticed when they did their inspection that they might not clear the money until it is done (and the owners were being so slack in doing it!) THEN, the day of closing my solicitor called and told me that my broker had stuffed up the numbers with the bank and we had to come up with another $9k in order to close that day. Oh and we only had 3 hours to get the money. So we drained our bank accounts and thankfully had enough money, and I had to drive extremely fast to get the money to the correct person. My broker never did call me to tell me his stuff up!

FINALLY we closed, and got our keys… decided to do a quick stop by our house before the crazy of moving, and we walked in to a very messy (disgusting house) that still had some of the previous owners stuff in it!

The next morning, we called the agent to let him know and he spoke to the former owners and they said they thought they had the weekend to move out and they weren’t too happy when they found out that legally we were now the owners of their things. They were lucky we werent mean and let them come back for it. When they came in to collect it they were greeted by our two very grumpy mothers who kept saying very loudly “I cant believe how dirty this house is. How can anyone live in this mess!” (Seriously, they spent 5 hours scrubbing it and we still had more cleaning to do after!)

Nothing goes smoothly with these things, but you eventually get there!

Post # 14
Member
3041 posts
Sugar bee
  • Wedding: May 2010

Wow, they need to get it together! I do know that the bank I went thru wasn’t the lender (where the loan comes from), they match you up to lenders. Sometimes the lenders will be be really picky & at the last minute need tax info, or bank statement info. Sometimes they require it, sometimes they don’t. My bank told me they had everything (which the lender told them was all they needed), but a few days later, the lender would say “oh we need her bank statements for this month” & then I’d have to run around to get those & bring them to the office that day. It wasn’t my bank’s fault at all. It was crazy sometimes! I was outside the office once, & the lender was told by the bank that they needed the customer’s past 3 years of tax history to sell/buy her house (I wasn’t sure what was going on) & they needed it within like 2 days. So it might not be your bank, it may be the lender.

Can you email your lawyer, let them know the situation & if they could cover everything for you? I didn’t go thru a lawyer, I just had a realtor & my lending company.

You should have your realtor work with everything, my realtor did everything for me. If a paper wasn’t signed, she’d fax it or drive over & get it signed ASAP. Ask your realtor to contact the sellers (or the seller’s realtor) & get that paper signed.

You might have to get your contract ammended. I had it in my contract to close by April 21, then it changed to April 29 & then May 5. Each time the closing date changed, I had to add an ammendum to my contract since the date was in it. If the closing date says “August 4” but you actually close August 5, than that will delay you more. Not to stress you out, but just for a heads up. Your realtor probably deals with that anyways.

Post # 16
Member
3762 posts
Honey bee
  • Wedding: May 2010

I believe I was told that underwriting could be done in less than 24 hours if needed.  

Good luck ! 

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