Buying A Home
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back to back closings

When we sold our last house we sold it, then turned around and bought the new one the same day.

This time we are moving 4 hours away so we aren't using the same mortgage broker we did then.

Our new mortgage broker is telling us we need to schedule the new closing at least a week after the old one and that back to back closings aren't really possible.

Is she saying that because rules vary state by state?  I just don't get it.  I can't imagine a lot of people are in limbo for a week.  We can't even hold the truck that long so we'd have to move twice, not to mention the cost of a hotel for a week.

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Re: back to back closings

  • Can you rent back from the buyers of your house? You could pay them Rent to live in the house after closing for 1-2 weeks. In the meantime, you'd have a closing on your new house and then move out of the old one.
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  • When we closed on our house while living in a different state we ended up having the documents sent overnight and used a notary instead of the traditional closing in a title office.  Is that a possibility at all?   
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  • We are going to ask if we can rent from the owners of the house we are buying.  Just annoying since we did back to back on our last sale/purchase.

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  • My lender wouldnt let me do a back to back closing because they wanted to see the HUD from my sale before allowing me to close.  But I needed the proceeds to put down on the new home.  I had to wait 3 days.
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