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How soon can a closing be scheduled once approved?

Started by NYCee
about 14 years ago
Posts: 16
Member since: Oct 2010
Discussion about
I have had my loan commitment for a couple of months, including an extension that expires later this month. I've just (finally) gotten approval to go ahead with the sale by the city (HDC property) and the underwriter has just about everything, except the title search which wasn't ordered until the approval Friday. I'm trying to get an idea of how long it would take to schedule the closing now. I did try and contact my mortgage processor, who was out yesterday and will probably not get back to me before Monday. But I'm kind of antsy to get some idea right now. Research says closings can happen in as soon as 30 days, but those also consider the entire process, not this end bit. TIA for any info.
Response by vditty1979
about 14 years ago
Posts: 4
Member since: Dec 2011

Depends on the bank- SHould be within a week of receipt of the last condition- aka title.

Vanessa Thatcher
Senior Loan Officer
NMLS# 41404

Atlantic Home Capital
4175 Veterans Memorial Hwy
Ste 310
Ronkonkoma, NY 11779

Office: 631-687-3510 x106
Direct Fax: 631-918-5222
Cell: 631-672-4113


Website: www.atlantichomecapital.com
You can catch me in the directory at www.Brownstoner.com & www.montauk-online.com

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Response by mrneagoe
over 11 years ago
Posts: 4
Member since: Jan 2013

NYCee, can you share how long you had to wait for the HDC approval? We are just starting the board application now, and it is also in an HDC building @145th street. Thank you for your input.

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Response by jelj13
over 11 years ago
Posts: 821
Member since: Sep 2011

At our closing, each bank asked for verification of the latest financials before they approved the closing date. My bank took 5 business days and buyer's took 8.

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