Question about closing date

We recieved an approval last week and were given a 1/31 closing date. (Offer was submitted 8/19) Our mortgage co. needed a little more time so we requested a later closing date. We were told that it was moved to 2/23. However in the orginal approval, it said if the closing had to be postponed that there would be a per diem daily fee?? What can we expect to pay for having to move the closing date?

Thanks.

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Replies to This Discussion

Permalink Reply by Steele V. Propp on January 27, 2011 at 6:39am

Unless they mention it specifically in a new approval, I wouldn't worry. Usually they are real specific when they plan to charge a per diem.

Steele

Permalink Reply by Janie Booth on January 27, 2011 at 6:49am

Steele is right. If the new approval doesn't specify a per diem, then you should be ok.

Permalink Reply by Maya Thomas on January 27, 2011 at 2:06pm

Check the bank addendum. It's usually $100 a day.

Permalink Reply by Stephen Shafer on January 28, 2011 at 10:53am

I need a phone number to get 5 more days to close a deal, the closing officer has refused. Can anyone help!!!!

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