CTC Final

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  • #70082
    tdm27603
    Participant

    Good Afternoon Everybody,

    I received my CTC-Final on Friday! My Attorney said he is currently waiting on NACA to send the final paperwork to them for closing. Do anybody knows how long this will take?

    #70083
    Nelsont
    Member

    naca has literally nothing to do with it at this point except provide a location for you to close. The paperwork is sent directly from bank of america and it should be fast. Depending on when bank of america planned your closing date they should send it over by then. I got my ctc final at 7pm and closed less than 24 hours later. At 10am the title company confirmed receipt of paperwork sent overnight. Since you got your final on a friday before a holiday I would expect the paperwork certainly this week. Probably today or tomorrow. Congratulations!

    #70085
    tdm27603
    Participant

    Thank you NelsonT.. my initial closing date was set for 6/30, but I had conditions to clear. I’m just ready to finish!!

    #70092
    tdm27603
    Participant

    Another question @NelsonT .. so with the ctc, how will I be notified? And is my earnest check coming back to me?

    #70093
    Nelsont
    Member

    I thought you said you got the ctc final Friday???

    I was notified via email. It was literally a 1 sentence email and it actually came from my Naca ID email address so who knows who actually sent it. I can’t imagine there would be any other way unless your attorney is notified and they call you.

    For your earnest check the short answer is no but, it really depends. First it gets applied to your prepaid taxes and insurance. Anything left over will get applied to your buy down. If you still have money left over then the difference will be refunded to you. Your attorney will verify the total amount due at closing, or the total refund. If they received the ctc final they should already have this value. It’s just literally the physical paperwork they are waiting on.

    #70094
    tdm27603
    Participant

    Yes I did get notified about being ctc final… I was talking about how I would be notified by the attorney (phone or email) so I can know what funds to bring… but thanks for the info.

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