Received Clear to Close but Not Final CD

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  • #70467
    Hewilldoit
    Participant

    Hi all,

    I have received the clear to close and NACA has confirmed date of closing, and everyone has agreed on the date and time. However, I have not received the final CD and I am closing on Monday (in four days). The sellers keep asking me to sign an addendum stating that the closing date has moved up but I don’t want to sign without receiving the final CD. What should I do?

    I feel like this is the most anxiety inducing part of the process because it’s just a waiting game.

    #70468
    Nelsont
    Member

    First, Congratulations!

    Second, the final CD should come with the final clear to close. It’s an additional clear to close. Look for it today or tomorrow via email. I didn’t get mine until 7pm the night before I closed.

    #70469
    Hewilldoit
    Participant

    @nelsont, thank you. I thought that you had to receive the final CD three days before closing legally? I’m just not sure if I should sign the addendum because what if the date changes last minute

    #70470
    Nelsont
    Member

    The law is you receive the loan estimate postmarked within 3 days of receipt of the application. There are no regulations for receiving the CD or CTC.

    #70481
    TTrumble
    Member

    Hello Hewilldoit,

    Actually, the rule you are thinking of under the TRID regulations is that the final CD must be issued three days before closing. It doesn’t really matter when you receive it.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

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