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From offer to close, what's your story?

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frogfan12
Established Contributor

Re: From offer to close, what's your story?


@Tooliebell wrote:

I haven't seen one of these posts in a while and since I am in this position now, I would like to know your closing story. 

 

From signed offer to close and possession, how long? 


I first visited my home in June 2011. Once I applied for a mortgage loan, they told me 45 days and it took 44 (although it felt like an eternity).

 

Mortgage pre-approval: July 5

House under contract: July 18

Inspection: July 22ish

Offer/counters: Early August

Closing: August 31

Possession: September 1

 

Time since homeowner's bliss settled in: 80 days Smiley Happy


Starting Score: 760
Current Score: 716 Equifax 754 TU 736 Experian
Goal Score: 760
Message 11 of 12
PixieQueen80
Frequent Contributor

Re: From offer to close, what's your story?

I put a contract on my custom built home June 2, 2011 with a slated close date of October 1st.  Around the middle of September we learned that the home was built on two lots and the builder did not have the city consolidate the lots so no title could be ordered.  Builder is still working this lot issue out.  My loan approval expires on November 28, 2011 so I am gearing up for my 3rd credit loan pull in a few days and have no clue when the lot consolidation will be complete.  I called the surveyor's office and one of the customer service representatives told me if might take a couple months.  The past 6 months has been one of the most stressful periods of my life.  I have contiplated just saying to hell with this particular house but I have invested so much time, energy, emotions and cash into this property that I can't walk away.  Also it appraised for $46k more than I offered for it.  Please send me closing soon vibes because I need them right about now.

Starting Scores (7/26/2010): EQ 517; TU 508; EX 527 (lender)
Scores Along the Way (11/4/2010): EQ 542; TU 547; (11/8/2010) EX Plus 641
Scores Along the Way: (4/15/2011): EQ 516; TU 622; EX 585 (lender)
Scores Along the Way: (8/25/2011): EQ 617; TU 627; EX 625 (lender)
Scores Along the Way: (11/28/2011): EQ 617; TU 645; EX 667 (lender)
Current Scores: (8/9/2013): EQ 634; TU 662; EX 694 (lender)
Closed on a Home: 12/30/2011 Goal Scores (8/25/2014): 700 club
Message 12 of 12
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