Quote:
Originally Posted by Tracyb624
Hello, looking for a little info to see if anyone has experienced this. Bought my mother a home in TV and moving her from California. Unfortunately with all the home buying going on it took my lender more time to get the loan out to the title company and went past the closing date assigned by TV. Not ever buying a home in this state I didn’t know what to expect for a proper time frame. I’m realizing it takes longer here for all parties to get together on things to close. Anyway my question is has anyone gone over and had to pay extra for each day not closed and how much? Are they negotiable? I’m just trying to get some figure or have some kind of idea and no one can tell me until final figures come out. Has anyone else had this happen. Never heard of such a thing.
Thanks in advance
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When we originally bought in 2009 we had a year to build. We returned March 2010 and completed the purchase agreement. Our closing date was June. We were living in TX, we told our sales rep we were going to finance using a VA loan. They never told use TV did not accept VA loans on new home purchases. It was 30 days from closing when we were informed of this, we had no choice but to request a loan using Citizens. Everything was done over the phone or online. Because of the time constraint they “rushed” the loan process HOWEVER they did not get all the paperwork to the closing company in TX on time. We closed a week late but didn’t pay any penalties as it was because they didn’t inform us I a timely manner that they would not accept VA loan. If they try to charge you I’d fight it.