Less than 24hrs before a 60 day close and still no closing doc. Any things to do, check, watch out for, etc?
I’m not really expecting any problems, but with such a significant transaction I feel like there’s no harm in making sure. Searching around, it seems this is not an unheard-of issue either, but still - what can or should be done by us? We’ve already issued them a check for just over the estimated amount (assured by mortgage broker that we’d get some money back at closing).
It’s just a little weird too, but unless I’m misunderstanding it seems like THEY have a legal obligation to provide this 3 days beforehand, yet the penalty for them not doing it is WE could potentially have to walk away from the loan.
Again, I don’t expect any issues. But what could go wrong? And if there is some kind of surprise on the final docs, what recourse do we have?
Thank you
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source https://www.reddit.com/r/RealEstate/comments/r5q561/less_than_24hrs_before_a_60_day_close_and_still/
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