Home Buying in 11415>Question Details

Tommy77, Home Buyer in 11415

What happens if the bank gave the ok to close (between Aug 7th and Aug 17th) loan commitment expires Aug 18th?

Asked by Tommy77, 11415 Thu Aug 6, 2009

but the seller refuses to close on any other day except for the day when the buyer is traveling for business. What kind of remedy does the buyer have of the closing does not take place and the loan commitment expires.

Help the community by answering this question:

Answers

1
This issue you have will require you to pay for an extended lock date. You need to go back to the bank a and find out how much is a 15 day extension lock on your loan. You then need to inform the seller and ask them to pay for half of the cost if they requiring a closing date after your currently lock date.


Aldo Grillo
Loan Officer
Advisors Mortgage Group
718-701-5650 Office
aldo@SureRatelock.com agrillo@advisorsmortgage.com
http://www.SureRateLock.Com
Web Reference: http://www.sureratelock.com
0 votes Thank Flag Link Thu Sep 10, 2009
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer