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Updated over 5 years ago,
Closing 2 Weeks After Appraisal
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.