September 11, 2020 at 9:43 pm #71875
I am getting worried that I will definitely NOT close on time because this is day 19 and my bank app has not been submitted. Stuck in C and I because whenever I fulfill conditions new ones pop up. Like seriously, I thought that the UW would look at the file and compile all of the conditions at once. At this rate, I will be resolving conditions everyday. I’ve been dealing with conditions since 8/31/2020 and still no bank app. Mind you, I submit every condition within hours but have to wait to speak with the MC for her to resubmit (btw kudos to my MC), then lo and behold more conditions! I am supposed to close on 9/25/2020. What do I do???September 14, 2020 at 1:14 pm #71897Damien SmithParticipant
I hope this email finds you doing well! First, when you upload the new condition everyone should be able to see it however once document is uploaded then there is a window they have to look at the information and clear it. Sometimes when adding information it could trigger other questions as to why you may not have had those previous conditions before. I would try and email your counselor or contact your local office to speak with your MC as well as working with your real estate agent to see what advice they have. I hope this helps!
Online Communications, NACASeptember 14, 2020 at 1:42 pm #71898tomfParticipant
@movebyfaith I had the exact same issue and got the bank app submitted very late. I submitted conditions the same day I received them, but it still took 3 weeks before we were able to get all of them resolved because our MC only works 3 days a week and was only able to get one set of conditions resolved each week before she was out of the office again on Friday. Contract was completed on the 31st, bank app didn’t get submitted until the 26th of August!!
Our original closing date was tomorrow and we still have not heard anything at all from Bank of America regarding conditions. My realtor is now saying that the seller is threatening to put the house back on the market because it’s been 45 days and we dont even have a commitment letter from the lender :/September 21, 2020 at 5:25 am #71938
Thank you @damiensmith. I finally got C and I approved and bank app completed and have now received my commitment letter. I have my fingers crossed to make my original closing date but if not, I think it will be not far from it.
@tomf, I hope that you have made progress since your last post. Have you tried contacting the mortgage department to see if they can help as well? I am hopeful that the seller will realize that it is better to stick it out rather than going through the hassle of relisting.September 22, 2020 at 2:26 pm #71966Damien SmithParticipant
Congratulations! Please let me know when you close!
Wishing you well!
Online Communications, NACAOctober 6, 2020 at 8:44 pm #72189
TODAY, I AM OFFICIALLY A HOMEOWNER THANKS TO NACA!!! 🙂 KEYS, KEYS, KEYS!!!! Now the fun part, moving 🙁
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