closing and the holidays

[Marlene May]

I have a closing scheduled for on or before January 5, 2011. What are the chances it will close by then? It's Dec 16, and I haven't heard from the closing co. When do the closing companies close for the holidays, and are they shut down the week after Christmas? Seller is Freddie Mac.

Marle

[Steve Babiak]

The seller will have to get paperwork signed by the appropriate persons in the organization. If those people are out during this time, might not happen.

Wouldn't surprise me if you were given an extension addendum (or two or three) to sign along the way.