05
Nov
09

move up your closings

Let me do some quick math for you.  Designed especially for those who like to close on the last day of the month.  Today is the 5th.  How many days until the end of the month?  To November 30?

No, it’s not 25.   It’s more like 14 days.  Like two weeks.  How’s that?

Lenders, attorneys and title companies don’t work the weekends and neither do banks.  At least in the sense of being able to wire funds to the settlement agent.  They work on business days.  Counting tomorrow there are 16 days left.  Including the last day of the month which doesnt really count because all the work to close your deal has already been done at that point.

So that leaves 15 days.  I’m also not counting a full day on the Wednesday before Thanksgiving.  Many companies shut down a half day or the employees take some vacation time to travel.  I’m also not counting a full day after Thanksgiving for the very same reason.  That’s 14 days.

The lender needs a couple of days to get the loan papers ready and maybe a day for the settlement statement to be reviewed.  That means you need to get your ducks in a row 11 days from now.   That’s the 20th.  A Friday.

It’s sneaking up on you as you read this.

Advertisements

0 Responses to “move up your closings”



  1. Leave a Comment

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


November 2009
M T W T F S S
« Oct   Dec »
 1
2345678
9101112131415
16171819202122
23242526272829
30  

%d bloggers like this: