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Is it normal to have to postpone closing because appraisal hasnt come in?

Started by buddyparker
about 16 years ago
Posts: 67
Member since: Feb 2008
Discussion about
Was wondering about this because we are still waiting for appraisal from BOA and our closing was scheduled earlier this week...
Response by spinnaker1
about 16 years ago
Posts: 1670
Member since: Jan 2008

I think closing dates are typically referred to as "on or about", which I was told could mean up to 30 days of the set date. With all the different factors that have to come together for an on-time closing I would imagine it's not uncommon to push the date.

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