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Lois Stern
  • Investor
  • Owings Mills, MD
9
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52
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Seller requested 30 day close, mortgage company may/may not be able to accommodate

Lois Stern
  • Investor
  • Owings Mills, MD
Posted Aug 9 2015, 05:14

I have a contract on a house.  Buyer asked for 30 days.  Being my first contract, I did not know that I had to ask the lender if this was possible - so I said yes.  Mortgage Co said they are trying to speed it along [usually use 45 day lead time] and the worst that could happen is we ask for an extension.

My question is this:  I have renters already lined up [my son and 3 college friends - w/parents as guarantors] but I can't draw up a lease without knowing the move in date.  I can't get the utilities arranged, nor an electrician lined up to fix some issues ... without knowing the move in date.

Suggestions??

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