It is very frustating when this happens, but your best option right now is have all your paperwork ready and contact a reliable mortgage broker that have access to private lenders and many different programs. If he/she know what they are doing, they should be able to close in two weeks.

Best of Luck,

Maria Cipollone

Century 21 Tenace
http://www.Flahomespecialist.com

Without knowing your specific issues, it's impossible to diagnose the reasons for the delay. You should contact your loan officer (if they even give you one) to find out how far you are from closing. Moving to another lender might cause more delays, especially if you are only a few more days from closing.

The only comment I can say for sure is that most Realtors would prefer you to work with a local lender rather than a bank. Banks are just too slow these days. Great for checking accounts, but poor on mortgage service.
Barbara Coker
NMLS#228545
Licensed Mortgage Loan Officer

Betsy, it sounds like you are working with a big bank... Chase maybe? Chase's 1% cash back just isn't worth the headaches...

Have they given you any information on WHY they can't meet your closing date? Have they communicated with you at all other than requesting docs?

The danger of working with a big bank... they have too many files to care about a single one. I just had a closing that was delayed well over a week until we gave them the boot and went with a new lender in the Dallas area. If you have all of the paperwork ready and want to transfer it to another lender, they can generally close in about 2 weeks. Yes, this will cost you about $700 in the per diem, but it may be very worth it. They are based here in Dallas, but I'm sure they would be able to take care of everything for you. Give them a call and see what they can do for you. http://finddallashomesforsale.com/dallas-home-loans-mortgage…

Best of luck,

Brian Rayl
B&B Realty Group - Keller Williams Elite
214-601-4192
Brian@Rayl-Estate.com

Betsy,

Sometimes the loan process can be so frustrating. What has your lender said to you about why there is a delay? If you are not getting anywhere with them directly then your next course of action is talking to your Realtor. Everyone wants the contract to get to closing so it's just a matter of getting everyone on the same page. Your Realtor should have a conversation with your lender to find out what the hold up is - it could be a dozen different reasons. Most Realtors work with a variety of lenders so it might be an option to change lenders at this point depending on why there is a delay. The Realtor also needs to have a conversation with the seller's agent, if they haven't already, to let them know about the delay before your closing date. No one likes a surprise and chances are, if you are buying a resale home, the sellers are moving out this weekend and maybe even waiting for the funds on the sale of this home to buy their next home. If the delay is because of the lender, your Realtor may be able to negotiate with them to cover the late fees you incur.

Sorry this has been a frustrating experience for you. I advise buyers to work with a lender that is local, someone whose office we can drive to and see face to face if there is a problem. I hope it works out for you and congratulations on your new home.

Leigh Hilliard
Realtor, ABR, GRI
Keller Williams Realty

Are you purchasing a new construction home or a re-sale home from a different owner? Who is your lender?

Kristin Hepp
Coldwell Banker United, REALTORS
Cell: 512-300-3332
Email: Khepp@cbunited.com

Hi Betsy,

Do you have an agent? I have been working on a closing now since late March. It is tricky and frustrating.
Are you buying or selling? Has the appraisal been completed?