Why do some people feel the need to talk in circles instead of just saying what it is they need to say? Talking in circles is just going to get you in trouble, especially if you don't remember the weave of the web that you created and your double talk really starts to sound "stupid".
I've been working with these buyers for a few weeks now. We were supposed to close last week, but we've come up with an issue of obtaining Mortgage Insurance. To say the least, the mortgage person has sent updates almost every day for 2 weeks saying things like, "Once we get the Clear to Close, which should be today, we'll have docs same day."
We've been expecting the Clear to Close for 2 weeks now! Something new comes up everyday. Just Friday, they decided they didn't like an adjustment made on the appraisal. How long have they had the appraisal? 2 weeks!
The builders contract calls for closing costs, but it states that the seller contribution is "up to" such and such dollar amount. The underwriter requested an amendment for it to say that the seller's "maximum" contribution is such and such.
Don't those two things mean the same thing? They both mean that the seller can give this amount, or they can give less. What it should say is that the contributions "are" or "is" this amount if they want something definitive.
I have the Branch Owner involved in this file, so hopefully we'll get it closed. The buyer did not use one of my recommended mortgage professionals as he found this guy on his own. I always caution that, but the buyer was comfortable... until last Friday.
The rate has been extended until this Friday. They have 3 days to get docs turned in as this is a mail-out to the buyers out of state.
No loans are fully approved until they have docs at the title company!