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This is not unique to naca or bank of America. My first house I bought through FHA and wells Fargo (gasp!) Wouldn’t commit to a closing date. It was supposed to be Monday but the Friday before they literally said we are probably looking at Tuesday or Wednesday depending on when we can get the paperwork done. Then on Sunday of all days I was handed a condition through my agent that they won’t go to closing without replacing the exterior door knob on the back door and fixing the front door sticking from the humidity. So that was done Sunday afternoon and Monday morning. Monday afternoon I was told we are probably looking at a Wednesday closing. Tuesday morning it was reassured I am on track for a Wednesday closing. 4pm Tuesday I was told we are closing now. Drop what you’re doing so we can cash the check before the banks close. What a rush!!!
As long as it’s been escalated just sit and wait. You might want to have your agent talk to the builder. Per diem fees are often erased. Per diem fees are designed to push the bank along and are assessed to the bank as a penalty for taking their time so naturally the bank will not want to have to pay. This is not the case however with naca members as they are assessed the fees themselves and the majority of the time the sales crew is completely unaware the bank isn’t paying which is why they play hardball with keeping them in the contract. The corporate headquarters will be more likely to negotiate with you on that.
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