Until I hear the words, “We are clear to close” I remain guarded with jubilation over someone’s real estate purchase. I have two closings tomorrow – one we got the clear about six days ago for a HUD purchase (which require five days before they can close) and the other… we’re waiting.
The chief underwriter threw a wrench in the machine today when they need the soon-to-be-ex-husband to send just one more hand-written, signed letter. Then we’ll get our clear to close. Meanwhile because this is somehow a pivotal time for closings (no one wants to risk waiting until the end of the month and subsequent danger of missing that June 30th closing deadline for the first-time homebuyers tax credit), we have 46 other closings occurring from one lender’s underwriter.
So our fingers are crossed that – somehow – we’ll have a miracle and can close tomorrow afternoon. Normally it wouldn’t seem like such a big deal, but when a single Mom and her three-year-old daughter have to be out of the apartment by Sunday, it’s a huge deal.
Cross your fingers!



[...] wrote over at Shak & Jill that tomorrow is a HUGE closing day across the country because home buyers taking advantage of the federa…so it’s this week and next week that title companies are extremely [...]
Posted by: LoanShak » Tax Credit Extension Coming to Close? | June 10th, 2010 6:18 pm |