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Updated over 5 years ago on . Most recent reply

User Stats

41
Posts
5
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Robert Jensen
  • Investor
  • Bay Area, CA
5
Votes |
41
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Closing 2 Weeks After Appraisal

Robert Jensen
  • Investor
  • Bay Area, CA
Posted

I am waiting to close with New American Funding. The appraisal was two weeks ago. The HUD contract says 'time is of the essence' and has a date of 'no later than 45 days'. My agent is saying we should be closing now since its two weeks after appraisal. The senior processor is saying we have to wait because she has scheduled us to close on the 45th day and she has too many closings ahead of us.

Who, if anyone, is dropping the ball here?

Thanks for any help. 

Most Popular Reply

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9,934
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10,788
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Chris Mason
  • Lender
  • California
10,788
Votes |
9,934
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Chris Mason
  • Lender
  • California
ModeratorReplied

@Robert Jensen if my processor told you that we have to wait until the last minute when we have the ability to close sooner, I'd want you to go over his head and call me directly with that.

  • Chris Mason
  • Loading replies...