Showing category "Closing the Deal" (Show all posts)

It's Done!

Posted by Bill Andrews on Monday, March 12, 2012, In : Closing the Deal 
It's official, we own a condo in Pinehurst!  59 days from offer to close.  On to the demolition and rennovation stage...
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Are we Done Yet?

Posted by Bill Andrews on Monday, March 12, 2012, In : Closing the Deal 

Today is Monday the 12th and we are not official yet! (postings dated March 1 -10th were one day ahead as this blog software did not account for Leap year!)   The attorney says they just received the wired funds and the seller's attorney is bringing over their documents, then onto the courthouse for the deed filing.  Once this is done we can then say we own our Vacation Condo in Pinehurst!   I think I need a vacation!  In Pinehurst!


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The Big Day

Posted by Bill on Saturday, March 10, 2012, In : Closing the Deal 
We left WS as scheduled first thing this am and no confirmation came in on whether all the paperwork was done and ready for our 10:30 am closing. We went to the condo for a walk through and this was the first time Kris saw the unit!  And then the call comes from our real estate agent advising the attorney did not yet have the loan package as their Internet service was down due to an over night storm!  The lender tried to send at 9 am (another last minute change so herein lies the problem) so ...
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Eve of Closing?

Posted by Bill on Friday, March 9, 2012, In : Closing the Deal 
So here we sit on the eve of closing and we are not sure if the scheduled 10:30 am closing time tomorrow will happen. The lendor finally sent out the loan package to the attorney yesterday afternoon who turned around the HUD-1 form (the underwriter or whoever was out the day before due to child care issues, nothing like last minute!).. .  After some checks, changes were made, sent back mid afternoon today to the lendor and adivised they may have to slide the closing as the lendor did not retu...
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Loan Approved Today!

Posted by Bill on Friday, March 2, 2012, In : Closing the Deal 
Our financing was officially approved today so our closing date is now firm for next Friday, 9 March!  It took 7 weeks (49 days) from contract to closing.  Let the fun begin!
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We have a Closing date!

Posted by Bill on Monday, February 27, 2012, In : Closing the Deal 

Finally!  Our loan approval is done but the underwriters insist on gaining the Fidelity Insurance warranty on the condo association available soonest Mar 1...so a few extra days to finalize the underwriting "process" and we are good to go.  Again don't understand the inflexibility to wait until March 1 to spin the cog but was explained as a Fannie Mae requirement...AHHH!  So we are set for 9 Mar for closing...for now!


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Update on Closing

Posted by Bill on Wednesday, February 22, 2012, In : Closing the Deal 
Welcome to our first blog! I plan to keep notes up until closing, and then on to the demolition and renovation which should be a little like a DIY episode of "Renovations Reality".   Hopefully it will go a little smoother than these episodes!

So here we are less than a week to our estimated closing date of Feb 28 with only step outstanding being the Repair Agreement Amendment and HOA insurance policy that our lender needs to approve the credit and set a closing date.  The process has been a li...
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