Clear to close-timeframe

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  • #36468
    acrumby25
    Member

    How long does it take to get the official clearly to close? We got the clear to close from the underwriter today but was told that it’s not the official one. We have already eaten up our contingency timeframe and now have to be out of our apartment by this weekend due to the lease ending. The citi website also states that our rate expires this week, which is substantially less than the current rate. I’m just getting anxious about if we will actually be able to close before the end if the week.

    Any advice is appreciated.

    #36473
    TTrumble
    Member

    Hello acrumby25,

    You should receive the final Clear to Close as soon as the bank completes the final verbal verification of employment.

    The most dangerous thing you can do right now is to let yourself get anxious when there is no reason for you to do so. Relax and get ready to receive the keys…

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

    #36489
    acrumby25
    Member

    Hi Tim,

    Thanks for the response. My job stated that they gave verification last week when we were preparing for the initial close. Our status has changed to clear to close- pending DOR. It currently has a new status that’s empty. We are trying not to be anxious but trying to not loose the rate we have and not to have A place to stay.

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