It was about to seem too easy…

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    Everyone was ready, so we tried to move closing up to tomorrow instead of Thursday. I got the final closing disclosure, and it was $10,000 HIGHER than expected. Somehow the interest rate buydown was $8,000 more on the final than on the initial and I don’t know how that could possibly be. No one is responding at this point, so I assume we won’t be closing tomorrow after all. Anyone have a reason why this amount could possibly change by so much?


    I’m speechless @Bakerthebaker I didn’t know that could happen to such a LARGE degree! I hope they can get it straightened out QUICKLY!



    @bakerthebaker, did you try asking the contact at the title company to see why the numbers changed so much on the final disclosure?

    I only mention the title company, because the one we’re using responds lightening fast when I email him something. They also let me know, they send over the amounts for the disclosure to the bank and then the bank do what they do on it.

    Last Friday, I got more than one document with incorrect information on it. I had to ask if they were looking at the right file more than once.

    I hope you get to the bottom of this soon.


    I did ask, but unfortunately it was toward the end of the day, and my main contact there left before answering. I’m hoping we’ll have a good answer in the morning and in time to make it closing by noon. Probably will be pushed back to the original Thursday time now instead.


    Have you tried running the numbers a few different ways? Seems like one of the 2 numbers is egregiously wrong. Maybe taxes weren’t paid on the property this year?


    It’s very clearly just that the itemized buydown amount for points went from ~$30k to ~$38k, and there’s a ~$2500 fee that was never mentioned before. The fee I can understand if it was omitted – it’s some kind of new construction fee to the city treasury – but I can’t understand why the points cost could possibly change that much, or really at all.


    @bakerthebaker keep us updated. I hope it’s something that can be quickly fixed or at least you can still close this week.


    We’re very fortunate that we’re in a position to close right now regardless, so I don’t see anything keeping us from at least closing on Thursday as originally anticipated. But I guess who knows! This morning I thought we were all but done.


    Seems like I was right and something was in the wrong column, but I hadn’t seen the final-final-final disclosure.. which we are now waiting on, with closing scheduled to happen in 90 minutes. If it comes back to us shortly we have just enough time to get to the bank for the wire transfer and get up to the NACA office!


    Gotta love last minute curveballs. I had one myself where the seller was actually being very unreasonable the day of closing and we were there for over 4 hours and I ended up having to cut them a check for like $450 or so. I did what I had to do to close that day, as we were still getting money back at closing anyway. But that really sucked!

    hang in there, you are right at the finish line!

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