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Waiting for closing

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Georgina

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Post Posted: Tue Nov 29, 2011 11:13 pm    Post subject: Waiting for closing
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Hello there… I and my husband have a contract for $114,000 on a Fannie Mae owned home. We had the offer accepted on 11/21 and seller agreed to pay up to 4k in closing costs, etc. After inspection, we found the home to be in very good condition. Submitted additional docs today to loan officer, who is supposed to call tomorrow to update me as to where we are. Still waiting on the FHA appraisal, which is for some reason stressing me completely out right now. Our closing is scheduled for 12/27, so we have just under a month to go. This waiting game is the worst part!
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sara
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Joined: 05 Jul 2006

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Location: New Brunswick, New Jersey
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Post Posted: Wed Nov 30, 2011 12:44 am    Post subject:
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Hi Georgina,

Due to the appraisal issues, the lender can extend the closing of the loan for few days if you request. You should contact the appraiser and the lender and discuss this matter in details so that you can close the loan within the given time.

Take care

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