Failure of the Day: Escrow: The 30-Day Christmas Eve—Week 4
There came to be some doubt over the closing date—our lender suddenly demanded a THIRD appraisal, and after some doing, it wound up happening on the 23rd, too late to make it for a closing on the 26th. We’ll now close on the 30th if all goes well. A woman I work with started her escrow a week before us and she’s now a week past her original closing date with no papers to sign yet, because her lender is making additional appraisal demands as well—it seems to be in lending zeitgeist.
But there’s a bit of lucky planning: we allowed almost a full week between the original scheduled closing date and moving day, so we can absorb some delay. Not a lot, but some. Chris did an astonishing job packing this weekend—we’re more than half packed a full 9 days until the movers are scheduled to arrive. Honestly, the amount of work he’s capable of is a little staggering.
The upcoming surgery has given me a nice bit of perspective—I don’t feel particularly nervous about the condo at all any more. We’ve received approval for literally every single other aspect of our application, and we have every single other form and piece of paperwork filed and approved and ready. It seems, I think, knock wood, that we can be delayed—but I don’t think we can be stopped from actually purchasing this condo. I think.
But there’s a bit of lucky planning: we allowed almost a full week between the original scheduled closing date and moving day, so we can absorb some delay. Not a lot, but some. Chris did an astonishing job packing this weekend—we’re more than half packed a full 9 days until the movers are scheduled to arrive. Honestly, the amount of work he’s capable of is a little staggering.
The upcoming surgery has given me a nice bit of perspective—I don’t feel particularly nervous about the condo at all any more. We’ve received approval for literally every single other aspect of our application, and we have every single other form and piece of paperwork filed and approved and ready. It seems, I think, knock wood, that we can be delayed—but I don’t think we can be stopped from actually purchasing this condo. I think.
2 Comments:
At May 11, 2011 7:52 PM, makati condo said…
Hi What is the latest update on your condo? Thanks. :)
lisa_d
At July 05, 2011 5:01 PM, Real Estate Philippines said…
I enjoyed reading your article. It makes a lot of sense.
houses for sale Philippines
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