How long do home closings take?
We are closing on our new home tomorrow and I was wondering how long this will take and if my kids should come.
... (Asked by hmw525)
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IT depends on how many questions you have for the closer, if you read every word and how skilled the closing person is. The shortest one that I have ever experienced was about 20-30 minutes there are those that have gone 2 hours but, it's not normal. I think most people want it done so they just choose to proceed. The one document that you may want to have explained is the closing statement or HUD. If you have a REALTOR or attorney coming with you they may have looked at this prior to you getting to the closing and ...(Answered by helprhome) |
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No place to live during college closings?
My friend is an independent who was just forced to move out of his family home to live on his own. Now he is applying to college that requires dorming (all expenses paid). If he gets in, how should he find housing during those college breaks and holiday seasons? Work study jobs throughout the year might not pay enough for a couple of months' subletting.
Location: New York
... (Asked by alienhumanhybrid)
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If he gets in, it wont be a problem until the end of the 1st semester. By then he will have networked with all the other students in the dorm. This is a problem many students face. The best alternative is to find a friend to go home with for the Holiday Season. Then for the summer, find a number of roommates to split the cost of an apartment or house. Landlords in college towns will usually lease rental property for the summer months....(Answered by NWK) |
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CA Real Estate Agents Avgerage Closings?
On average in your company, how long does it take new agents (1 year or less working) to make their first and second sale?
I keep hearing that its about 6 months is the average (and some take 1 month and some take 8 months)
What about in your area?
I just got my license and I am going to be working for Coldwell Banker Premier Real Estate
... (Asked by Angelicious05)
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Congrats on getting your RE license! There is no set time or time limit when you make your first sale.
It just depends on who you know & what you're doing to market yourself.
You chose a good company & they should be able to provide you with lots of training.
Also, there really is no "average". Some agents average 5-20sales per month, others 1-2per month & still many many others average 1-2 every 3-4months.
It just depends on how active you are in it.
Feel free to email me if you have any more questions,,, what part of CA are you ...(Answered by Miss Emily) |
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Is anyone familiar with how Countrywide Home Loans handles escrow closings?
Escrow was scheduled to close on 04/15/08. As of today, it hasn't. On the 15th, we received a phone call from Countrywide at 7 PM, stating that my wife & I needed to have an account showing 5% of the purchase price. Has anyone ever heard of this happening on the day that escrow is scheduled to close? Isn't this particular request something that should have been brought to our attention prior to escrow starting?
... (Asked by dizniac)
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Yes this is not really uncommon. You must have a mortgage approved for 90%. The lender now want to know where the 5% came from.
If you submitted some type of document before indicating how you came across the 5% they now have questions, so they want a bank account with the amount showing in a bank account.
With the way the mortgage industry is in today nothing surprise me. I have seen i the past year or so that mortgages that were approved were cancelled at the last minute because the borrower could not produce a certain document late in the ...(Answered by loanmasterone) |
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