topic Re: From your experience...Am I Close to Closing? in Mortgage Loans

From your experience...Am I Close to Closing?

Anonymous — Sun, 02 Aug 2015 17:31:10 GMT

All of my documents are in. My conditions are satisfied. Condo got approved. Title company sent in

COMMITMENT / PRELIMINARY, WIRE INFO, TAX CERTIFICATE, INITIAL HUD-1, 24 MONTH CHAIN OF TITLE, CPL REFLECTING LOAN # AND CLAUSE. The only thing left from the title company is the updated estoppel update, but the figures are already calculated into the initial HUD-!.

How long does it normally take for the Lender to review documents from the Title company?

What could possibly be left besides the VOE? I have to find out if termite is required and when is it normally scheduled. I'm sure they have the tax transcripts by now. We requested those early on. I'm scheduled to close August 26th, but need to close before August 20th.

Please let me know from your experience the signs to look for when the Clear To Close is near. Thank you!

Re: From your experience...Am I Close to Closing?

ezdriver — Sun, 02 Aug 2015 18:04:27 GMT

You seem to be within one week of a clear to close. All the best.

Re: From your experience...Am I Close to Closing?

Anonymous — Sun, 02 Aug 2015 18:08:49 GMT

@ezdriver wrote:
You seem to be within one week of a clear to close. All the best.

I sure hope so. I started this mortgage process April 27th and wasted 2 months with another Lender. I have not had a Summer break because of this.

Re: From your experience...Am I Close to Closing?

Anonymous — Mon, 03 Aug 2015 04:16:34 GMT

Good Luck!

Re: From your experience...Am I Close to Closing?

StrawberryIce — Mon, 03 Aug 2015 11:40:51 GMT

@Anonymous wrote:
@ezdriver wrote:
You seem to be within one week of a clear to close. All the best.
I sure hope so. I started this mortgage process April 27th and wasted 2 months with another Lender. I have not had a Summer break because of this.

You sound like me. I have cut all costs and have not been on a vacation this Summer.

Re: From your experience...Am I Close to Closing?

ezdriver — Mon, 03 Aug 2015 15:50:11 GMT

You guys are not alone. Many of us have had to adjust our routines and lifestyles to achieve homeownership. Just don't forget to take a breather and treat youselves well after the closing. Hang in there and all will be ok.