Friday, June 11, 2010
Friday Closings
Need I say more? My advice would be to close any day but Friday. Consider this. There are many steps prior to you getting the keys that must take place before you go to closing. So, if your planning on having all weekend to have and to hold your new dream home then close Wednesday or Tuesday or any other weekday, just not Friday! Check out the list list of what will happen before your loan closes and funds. It's a mile from there until you get the keys.
Loan is Fully Approved
Closing documents sent to the Title company
Settlement statement is generated
Cross checking of same between Lender and Title Company
until fully approved. Multiple corrections will be made
Instructions for loan closing revised
Buyer and seller both sign
Documents faxed to review by lender
Final Documents or missing signatures requested
Loan Funds
You get the Keys, Assuming no bumps!
Close on any other day or you may lose the weekend.
You'll be glad you did!
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