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05-15-2013, 07:49 AM
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Sage
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Join Date: May 2011
Location: Caroline, Pennacamp, Fernandinia, Duval, Richmond
Posts: 10,422
Thanks: 33
Thanked 4,741 Times in 1,878 Posts
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Quote:
Originally Posted by Skip
Read all the fine print in the clauses that relate to closing date and time. I heard that there is a penalty if the bank doesn't have the money ready at closing time. That can be a costly problem, so just make sure you get your mortgager to agree (in writing) they will pay that penalty for you if they miss the boat.
Skip
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Yep cost us $488 for closing one day late....or should I say 14hours and 37 minutes late
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