Profile picture for user4391078

How can you get a bank to speed up a closing

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 28 2012 - US
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (7)

Best Answer
Depends on how the bank is involved. Is it a short sale, REO bank owned or regular loan they need to approve? Actually the answer is the same, banks are like snails and move at their own pace and not much you can do to hurry them up much.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 28 2012
I'm always one for the proactive approach.
Ask your loan officer for the specific steps and departments your loan process entails. Ask for estimated timing on each one of these steps. Some are done simultaneously others cannot be started till one dept is complete. Question, constantly what s the progress is in each step. Some banks allow direct contact in the dept.s. Get the contact info.
Is your appraisal done? 
Be a squeaky yet polite wheel. Check in with the officer often.
Good luck
Chris Gubb
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 14 2013
Profile picture for JudePeters
@ Ron-----What? "Double the offer and pay cash?" from reading the last post cash is being paid and nobody want to pay double anything!...lol 

You can speed up the process by acting as if you're ready to walk away from the deal....granted that the approval and appraisal has been completed and all the required docs received. Sometimes the Loan Office can make a few calls and get your docs pushed to the front. 
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 14 2013
When you find the answer to this question, let me know.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 28 2012

Unfortunately you can't, the bank has every right to take their time. They are loosing money, and how and when they loose that money will impact their liquidity and their books.

They are not delaying the process to annoy anyone, and waiting is one of the things any home buyer has to be ready for when purchasing a short sale or REO.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 28 2012
Profile picture for user4391078
The answer is that it is a bank owned & we are paying cash , And yes you are correct they move like snails . I just did'nt know if we are the only people that are having trouble like this .
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 28 2012
Double your offer and pay cash!
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
July 28 2012
 
Related Questions
trying to get info on 50 Brown Ave
Profile picture for Sofronio C
Latest answer by Sofronio C
55 minutes ago | 1 answers
What are the upfront and ongoing costs associated with buying a home in Massachusetts?
Profile picture for Charlotte Marrocco-Mohler
Latest answer by Charlotte Marrocco-Mohler
55 minutes ago | 4 answers
how do i do a rent to own though zillow?
Profile picture for wetdawgs
Latest answer by wetdawgs
57 minutes ago | 3 answers
  • Asked by Kimberly K.King
  • In Home Buying
  • 1 hour 28 minutes ago
Log cabin
Profile picture for Sofronio C
Latest answer by Sofronio C
57 minutes ago | 1 answers
  • Asked by zuser20140911115557499
  • In Home Buying
  • September 11
Making an offer on a home that already has a potential buyer.
Profile picture for Mary Prieto
Latest answer by Mary Prieto
1 hour 15 minutes ago | 4 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

 
 
 
Sign in with Google