Answers (4)
- Ofe Polack, "Ofe Polack"
- Contributions:3408
Ask your buyer agent to look at the documents you have signed. Sometimes there is a penalty.
- Michael Emery, "MikeEmery"
- Contributions:8181
You will need to read your purchase agreement and all ancillary documents. Often there is a per diem penalty for closing late (if it is the buyers fault). And if you're unable to close on the date of closing, Fannie WILL attempt to collect the daily penalty.
If they agree to a delayed closing (with no penalty) make sure you get it in writing and that is signed by both buyer and seller.
If they agree to a delayed closing (with no penalty) make sure you get it in writing and that is signed by both buyer and seller.
- Purenv
- Contributions:2
Yes... I really think we only need about 30 days from the closing date!
- Cindy Quinton, "Cindy Quinton"
- Contributions:2448
Are you purchasing a Fannie Mae home and need an additional 50 days past the stated closing date on the contract?
Will Fannie Mae give me a 50 day extension?
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