With an accepted offer, a locked rate, and a fixed closing date, why such short notice? I understand that financial institutions are experiencing a backlog right now with short sales and refinancing and such, but the general consensus seems to be that 24 hours is the norm. It seems to me that buyers should have at least 2-4 days to review the closing costs statement, address any discrepancies, and make arrangements for any unexpected shortfalls. Is there a reason that banks are allowed to play things so close to the wire? Am I missing something?

Glad to hear that you were able to close. Hopefully you'll enjoy your new home despite all that you went through during the purchase process.

Congratulations on your purchase and best of luck in the future!

Closing went off with all sorts of bumps but is done. Thanks for all of the help everyone :)

Now we understsand. Yes, tell them you need to know for the certified check. Make it clear to the closing agent (attorney, escrow agent, title company closer or whoever does this in your area) you must have it the day before or there is no deal. You sometimes have to push them. A certified check is a good reason. Good luck

I would have to disagree with Carl's response as usually I receive the closing statement with the closing costs before arriving at the closing table (often 24 hours before), however; there have been times where it has been at the last minute. Yes, you have the right to review your closing costs prior to signing and it would obviously be helpful for you to know the amount since you are bringing a check to closing. Your agent might be able to give you an estimate of what to expect.

Sorry your first buying experience has been less than par. Hope all goes well from here out.
-Melissa

Seriously? Perhaps I should mention that I am paying with cash. I am supposed to be bringing a cashier's check to closing. If people do not get the closing costs before closing, how are they supposed to know what they are supposed to be bringing? Perhaps I am too nosey about where my money is going, but I want to see exactly what is in my closing costs and know the exact amount. I admit that I am a very beginner first time homebuyer so this all seems backwards to me. Maybe by the next time, I will just accept that contracts will be late, missing signatures, phantom bidders will abound and that I will always be the last to know about the information that is probably most important to me. (I will be so glad when this is over!)

At closing table is usual time. Hours is unusual. But what is your concern?

WOW! We close in 7 days and I thought I would know as few days on what we would need. I guess not.