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Updated over 4 years ago,

Shane Brooks's profile image
Shane Brooks's profile image
Shane Brooks
  • Investor
  • from Durango, CO
  • Member since Dec 28, 2019
  • Posts 33
  • Votes 4
  • Experience 12 Yrs
  • Investments 5
Connect

User Stats

33
Posts
4
Votes
Shane Brooks's profile image
Shane Brooks's profile image
Shane Brooks
  • Investor
  • from Durango, CO
  • Member since Dec 28, 2019
  • Posts 33
  • Votes 4
  • Experience 12 Yrs
  • Investments 5
Connect
Shane Brooks
  • Investor
  • Durango, CO
4
Votes |
33
Posts
Private Lending & Conventional Mortgage Advice

Last Minute Closing Options

Shane Brooks
  • Investor
  • Durango, CO
Posted

Closing Options

I have a conventional loan in underwriting but my loan officer is anticipating a bottleneck with the underwriter that could delay closing which is scheduled in a week and a half. There is no risk of the underwriter denying the loan but the purchase agreement has all financial contingencies waived. What is the best course of action to proceed without possibly losing the earnest money? Switch to private money to close?

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