Skip to main content

Error on closing disclosure won’t get corrected until Monday or Tuesday. Do I have enough time to wire money for closing day on Wednesday?

First time home buyer here. My closing date is scheduled for this coming Wednesday (3/23). Last Thursday (3/17) I noticed an error on my closing disclosure document before signing. Essentially my loan amount and closing costs need to be adjusted since it incorrectly states I am putting 5% down when I am actually putting 10% down.

I informed my loan officer last Thursday (3/17) and he said they would take care of it by end of day but that still hasn’t happened. Nobody is in during the weekend so now the closing disclosure won’t be corrected for us to sign by Monday (hopefully) or Tuesday. Since my closing day is scheduled for Wednesday morning, do I have enough time to wire the money? I bank with Fidelity Investments so I don’t think there are a lot of physical locations for me to request a bank check.

I asked my realtor and he said he thinks it should be enough time, but suggested I ask my attorney. I emailed my attorney and they haven’t responded. I emailed my lenders and they said they will send me the updated closing disclosure as soon as it is available to them, but they did not tell me when.

Do I need to reschedule my closing date? I already scheduled a bunch of contractors to come to the house on the evening of closing. Plus there’s all the hassle of rescheduling with the seller’s side.

submitted by /u/you_junebug
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/ths2xu/error_on_closing_disclosure_wont_get_corrected/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear

Fast Rising HOA Fees on NYC Condo, No Budget Provided

My wife and I are first time homeowners and could use some advice on a situation we've been having with our management company and Board. We bought a condo in Brooklyn two years ago, and since then our HOA fees have climbed dramatically. In August of last year, our fees were increased by ~30% and just yesterday we received notice that this new figure would be increased by 16% as of June 1st. The by-laws for our building state that ten days before such a change goes into effect, the Board must provide unit owners with the itemized budget upon which the new numbers were based. This didn't happen last year, and when I asked the management company about it, they just kept vaguely insisting the Board had done due diligence. After I kept pressing, they finally sent a budget that was several years old, so obviously not the one that the new numbers were based on. When I asked the management company for contact information for the Board to get further clarification, I was told that th

How to create fidelity investments current bank statement for lender during escrow

I transferred a certain amount to my bank account to complete the minimum down payment required. The bank wants a current statement of the transaction. Unfortunately, fidelity only does quarterly statements so a December statement is not available and we are due to close next week. I called fidelity and they they can only provide a letter but the bank said that won’t suffice. Any way I can find or make one of my own that has my account number/name along with all the recent month’s activities? submitted by /u/bodaciousbeans [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zmnnqo/how_to_create_fidelity_investments_current_bank/