HUD needs to delay closing and for the first time this is working out to my benefit. We shouldn't have a problem getting the 20% down with this much time but I guess we'll see how it all plays out. I called my realtor to see if we can get the utilities turned on so my buyer can inspect prior to our closing. This way he will not have to delay his closing.
I'll keep ya'll posted.....
Subscribe to:
Post Comments (Atom)
4 comments:
For once, a DESIRED delay :-) Just so I'm clear...you actually have a buyer for this deal? Have you considered using transactional funding for a back to back closing on the same day or is that not possible?
Yay for delay!
Right, I'm not exactly upset about this delay : )
Yes I do have a buyer and I tried to get him to do a double close but he wants to check all utilities before closing. I asked my realtor to get the approval from HUD to get them turned on (at my expense) so he can get his inspections done and possible do a double close. We'll see what HUD says and see if my buyers bank can close that fast? I'm not counting on it b/c I think my buyer is going out of town but I'm going to try.
Ok, I get it. It will all work out one way or the other!
Post a Comment