Real estate blog entries tagged with settlement date by Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans ( Social Media

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Home : Blogs : Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans : Mortgage Knowledge at its BEST!!!! (Jeff Belonger) : Tag "settlement date"

settlement date: Is the commitment date just as important as the settlement date? - 08/12/07 11:36 AM

This has always been a problem and debated amongst the real estate industry and mortgage industry for eons. I know realtors that can be stuck on this debate and upset when lenders don't meet the commitment date. I know some lenders that just don't care at times, thinking that as long as they meet the settlement date, things will be fine.
So, who is right? Let's break this down some.
Commitment date : An agreement or pledge given by a certain date stating a guarantee for financing.
Settlement date : The date by which an executed order must be settled by the transference of … (34 comments)

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Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

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