cancel
Showing results for 
Search instead for 
Did you mean: 

Good News 👍 Clear to Close but somewhat bad news

tag
kaylord84
Frequent Contributor

Good News 👍 Clear to Close but somewhat bad news

Just received this email from my lender!!!

Your loan is “Clear to Close,” meaning the Underwriter has signed-off on all documents and has issued a final approval. It’s time to start the closing process.

Our team will be in touch soon to schedule your closing, and to review your Closing Disclosure (CD)—the standardized document that details the finalized terms for your loan, including a breakdown of all costs and fees.

As a reminder, it is crucial that you do not incur any material changes at this time to your personal situation. If you intend on doing any of the following, please notify the team immediately because this may require additional documentation and a re-underwrite of your loan:

• Purchasing/leasing a new car

• Opening new credit cards

• Making large purchases

• Changing your employment status

But also received this email from the seller's attorney 😩

Since we are still pending final loan approval and village inspection, we suggest extending the closing date to April 19.
Will this be acceptable to you?

Starting Score: Eq 485 TU 467 Ex 400 BK filed Dec 2016
Current Score: Eq 723 TU 665 Ex 682
Goal Score: 700 All 3


Take the myFICO Fitness Challenge
Message 1 of 22
21 REPLIES 21
JVille
Valued Contributor

Re: Good News 👍 Clear to Close but somewhat bad news

You have Final Approval correct??? That’s clear to close message. Exactly what is the Village Inspection and who was suppose to get it ordered and done?
If you want to close per the contractual date just say so! But you live in the house already, you are either paying rent or daily interest. You decide.
Message 2 of 22
kaylord84
Frequent Contributor

Re: Good News 👍 Clear to Close but somewhat bad news

The village where the property is located at requires a compliance inspection on every real estate transaction its schedule for tomorrow morning at 10 am can't close without it .

Starting Score: Eq 485 TU 467 Ex 400 BK filed Dec 2016
Current Score: Eq 723 TU 665 Ex 682
Goal Score: 700 All 3


Take the myFICO Fitness Challenge
Message 3 of 22
kaylord84
Frequent Contributor

Re: Good News 👍 Clear to Close but somewhat bad news

Update: property passed inspection . Closing set for Wednesday April 17th @ 3 Pm. When will I receive the final amount to bring to closing from the tirlt company???


Starting Score: Eq 485 TU 467 Ex 400 BK filed Dec 2016
Current Score: Eq 723 TU 665 Ex 682
Goal Score: 700 All 3


Take the myFICO Fitness Challenge
Message 4 of 22
Anonymous
Not applicable

Re: Good News 👍 Clear to Close but somewhat bad news

Most likely, on Monday. Typically 2-3 days before closing.

Message 5 of 22
kaylord84
Frequent Contributor

Re: Good News 👍 Clear to Close but somewhat bad news

Thanks

Starting Score: Eq 485 TU 467 Ex 400 BK filed Dec 2016
Current Score: Eq 723 TU 665 Ex 682
Goal Score: 700 All 3


Take the myFICO Fitness Challenge
Message 6 of 22
Anonymous
Not applicable

Re: Good News 👍 Clear to Close but somewhat bad news

Yea its 3 days before closing thats when i got mine almost at the finish line!

Message 7 of 22
kaylord84
Frequent Contributor

Re: Good News 👍 Clear to Close but somewhat bad news

Yeah the lender said by Monday. I also received a closing confirmation from the title company 💪🏼

Starting Score: Eq 485 TU 467 Ex 400 BK filed Dec 2016
Current Score: Eq 723 TU 665 Ex 682
Goal Score: 700 All 3


Take the myFICO Fitness Challenge
Message 8 of 22
JVille
Valued Contributor

Re: Good News 👍 Clear to Close but somewhat bad news

Congrats! It’s all good Smiley Happy
Message 9 of 22
kaylord84
Frequent Contributor

Re: Good News 👍 Clear to Close but somewhat bad news

Still haven't received my final amount to bring to closing. I contacted the title company and was told that they don't have the final figures yet . The seller purchased transfer stamps today so hopefully I will know by tomorrow . Supposed to close on the 17th

Starting Score: Eq 485 TU 467 Ex 400 BK filed Dec 2016
Current Score: Eq 723 TU 665 Ex 682
Goal Score: 700 All 3


Take the myFICO Fitness Challenge
Message 10 of 22
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.