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Closing in 2 weeks - what should I anticipate?
So far our house hunting and buying process has been very smooth and, dare I say, easy. I've kind of been waiting for the other shoe to drop for the last 4 weeks, to be honest.
When we met with our mortage lender he talked about how 7-10 days before closing the processor would review our file - *lightbulb* - maybe this is where the hurdles come?
What has your processor asked for? Have any of you gone through the whole process only to not get a house because the processor denied it?
One potential hiccup - we're set to close April 23. Last week the owner of the clinic I work at dropped a bomb that she's closing the clinic on April 30. However: 1.) DH and I went to our lendor with this information and he ran the numbers using just DH's salary and our debt-to-income ratio is just fine, and he said we didn't have anything to worry about; 2.) Someone has suddenly stepped up with a verbal offer to buy the clinic so there's a good chance it won't be closing after all. Any thoughts on this?
Re: Closing in 2 weeks - what should I anticipate?
DH and I ran into a situation that is very rare. (our lawyer and REA had to look up how the process goes on from what happened). The seller of the house died. She died 2 weeks(ish) before closing. We had to wait for her estate to go through probate and make sure that her will was read and everything was ok before we could close.
There could have been a lot more issues with this, but because her family only wanted the money and not the house we didn't have any issues. (other then waiting an extra 2 months to close)
I have my fingers crossed for us both! We close on the sale of our house 4/18 and the purchase of our new house 4/20. So far so good with the sale of our house. On the purchase we are hoping the the wife half of the sellers shows up at the closing to sign the papers. They are divorced and we have been repeatedly caught in the cross fire during this process.
So far so good, only a few more days to go!