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what is next to finish mortgage?

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Jon123
Valued Member

Re: what is next to finish mortgage?

lol, 

I know

just like the Military, 

 

GO,GO,GO, 

now wait, Smiley Sad 

American Express-NPSL-Home Depot-$10,000 Venture-$10,000 Discover-$14,500-Quicksilver$3,000(2)Quick Silver$2,750 (1)Capital One$1,750-(1)Barclay-$3,000-(2)Barclay-$2000-(3) $5000-Old Navy-$800-PayPal-$361-Target-$300 Authorized User--Discover-$4,000-Capital One-$3,250 Best Buy-$4,000-Barclay-$2,000 {Starting scores 550,562,565, Current Scores 683,695,702 }Mortgage score-695(credit Union Source) Goal-over 700 for all scores
Message 11 of 18
frugalQ
Valued Contributor

Re: what is next to finish mortgage?

Don't do anything credit wise until you close.

AmEx Green NPSL | Amex BCP 16K | Citi Simplicity 10k | Discover IT 9K | Chase Slate 7.5K | Amex Hilton HHonors Surpass 7K | Capital One QuickSilver 6K | Home Depot 5k | Chase Freedom 4.5K | LOC 2.5K
Message 12 of 18
Anonymous
Not applicable

Re: what is next to finish mortgage?

The underwriters are going to go through all your documents. In particular, they will want to know the source of any large deposits into your checking/savings account as well as the reason for any recent credit inquries. Don't do anything like apply for a CC or another loan (ie - auto loan). It's mostly a waiting game with possibly providing more information the underwriter requests.

Message 13 of 18
Jon123
Valued Member

Re: what is next to finish mortgage?

How the Heck!!!

how strong is a signed purchase and sale agreement that has been signed by all parties? 

now the other agent is claiming another offer has come in on the house we are in the proccess of buying for more than our amount on the purchase and sale agreement. 

 

our finance company has told us this is a done deal once the Title search and appraisal come back, these are scheduled to be done later this week,

 

feel like a low way to get us to increase our offer,,

 

I shall not,, even if I have to have the attorney give them a call.  

 

has this happened before / 

?? 

American Express-NPSL-Home Depot-$10,000 Venture-$10,000 Discover-$14,500-Quicksilver$3,000(2)Quick Silver$2,750 (1)Capital One$1,750-(1)Barclay-$3,000-(2)Barclay-$2000-(3) $5000-Old Navy-$800-PayPal-$361-Target-$300 Authorized User--Discover-$4,000-Capital One-$3,250 Best Buy-$4,000-Barclay-$2,000 {Starting scores 550,562,565, Current Scores 683,695,702 }Mortgage score-695(credit Union Source) Goal-over 700 for all scores
Message 14 of 18
frugalQ
Valued Contributor

Re: what is next to finish mortgage?

If you have a signed contract with purchase price and signed by both parties, They can't come back and try to rescind their offer.

Ha, they have seller's remorse. Too bad for them!

Good luck!!!
AmEx Green NPSL | Amex BCP 16K | Citi Simplicity 10k | Discover IT 9K | Chase Slate 7.5K | Amex Hilton HHonors Surpass 7K | Capital One QuickSilver 6K | Home Depot 5k | Chase Freedom 4.5K | LOC 2.5K
Message 15 of 18
Lemmus
Established Contributor

Re: what is next to finish mortgage?


@Jon123 wrote:

How the Heck!!!

how strong is a signed purchase and sale agreement that has been signed by all parties? 

now the other agent is claiming another offer has come in on the house we are in the proccess of buying for more than our amount on the purchase and sale agreement. 

 

our finance company has told us this is a done deal once the Title search and appraisal come back, these are scheduled to be done later this week,

 

feel like a low way to get us to increase our offer,,

 

I shall not,, even if I have to have the attorney give them a call.  

 

has this happened before / 

?? 



...you need to start a new thread ...you won't attract many responses on this thread


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Message 16 of 18
Jon123
Valued Member

Re: what is next to finish mortgage?

so update

 

got financing date  

5/14/15

 

got appraisal date

5/8/15

 

septic is scheduled to be pumped on

5/7/15

 

as for the previous "problem" 

my attorney called the other realtor and majically the other offer was retracted. 

strange how that works, Smiley Happy 

American Express-NPSL-Home Depot-$10,000 Venture-$10,000 Discover-$14,500-Quicksilver$3,000(2)Quick Silver$2,750 (1)Capital One$1,750-(1)Barclay-$3,000-(2)Barclay-$2000-(3) $5000-Old Navy-$800-PayPal-$361-Target-$300 Authorized User--Discover-$4,000-Capital One-$3,250 Best Buy-$4,000-Barclay-$2,000 {Starting scores 550,562,565, Current Scores 683,695,702 }Mortgage score-695(credit Union Source) Goal-over 700 for all scores
Message 17 of 18
Anonymous
Not applicable

Re: what is next to finish mortgage?


 as for the previous "problem" 

my attorney called the other realtor and majically the other offer was retracted. 

strange how that works, Smiley Happy 


It's great how that works, huh? Smiley Happy

Message 18 of 18
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