Talk of The Villages Florida - 10% down right away, but $42k in discounts out the window if 30 day closing is late.

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- - 10% down right away, but $42k in discounts out the window if 30 day closing is late. (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/10-down-right-away-but-42k-discounts-out-window-if-30-day-closing-late-216483/)

You Need to be Prepared.

Quote:

Originally Posted by rjm1cc (Post 1314248)

I think it would be hard to get a mortgage in 30 days. Especially if you are retired and do not have a track record of several years income to support your payments. I would go cash and then get the mortgage. Don't forget you might have bond payments too.

Closing within a 30-day period is a piece of cake and very commonplace. Being retired has nothing to do with it. The key is to go with a tried and true lender or mortgage broker and to be prepared with all the required items.

If you are unsure about the procedure, get prequalified before you even begin the buying process. Ask about the all the items you will have to show so you will have everything ready to go.

Quote:

Originally Posted by Bonny (Post 1313946)

What if it's 2 days ? That starts becoming a problem. The terms are spelled out. Sign the papers, you agree to the terms.
I wouldn't call it greed. If I was selling my house and I said 30 days, I want my money in 30 days.

Quote:

Originally Posted by LitespeedRider (Post 1313954)

This isn't you, and "they" are not a private seller so - you are not comparing apples to apples. It is not like "their" new mortgage on "their" new house is dependent on "their" money being available on day 30. They are selling primarily new (vacant) homes to their first owners...no fire drill needed.

I wonder of the extra fees are in any way added to a commission at what ever percentage of the gross profit they get.....

Bonny: LitespeedRider gave a very intelligent and logical response to your "I want my money in 30 days!"

Oh, if life was so simple but unfortunately, it isn't as cut and dry as you would like it to be.
Most sides of the equation will make concessions to make the deal work!

I doubt very much if the extra fees are added to the agent's commission.
No, I'm sure it goes right into the Morse's pocket.
As a matter of fact, I'd make book on that!

So I thought they would take back ALL of the $42k discount. Am I reading that wrong? Is it just a per day charge?

Thank you for the compliment Mrs. Robinson.

Am I the only one who gets a visual every time I see Mrs. Robinson post a comment???

:22yikes:

Quote:

Originally Posted by dewilson58 (Post 1314665)

Am I the only one who gets a visual every time I see Mrs. Robinson post a comment???

:22yikes:

Rumor has it that TV is chock full of "Dirty old men" :icon_twisted:

Quote:

Originally Posted by dewilson58 (Post 1314665)

Am I the only one who gets a visual every time I see Mrs. Robinson post a comment???

:22yikes:

Quote:

Originally Posted by LitespeedRider (Post 1314666)

Rumor has it that TV is chock full of "Dirty old men" :icon_twisted:

Heh, heh, heh. :1rotfl:

Quote:

Originally Posted by TOTV Newbie (Post 1314638)

So I thought they would take back ALL of the $42k discount. Am I reading that wrong? Is it just a per day charge?

I was told you lose the discount and there is a penalty on top of that. We went with Citizens and then re-fied 2 years later.