Closing Disclosure: What is it and when to expect it???

By
Real Estate Agent with Tierra Antigua Realty SA624527000

Closing Disclosure

 

The new Closing Disclosure (CD) is now issued by the lender to the buyer.  The normal procedure is the lender gets evidence from the buyer of receipt of the CD and then the buyer is allowed to sign loan documents 3 days later. Sunday and holidays do not count in the three day waiting period and the waiting period cannot be waived. If the lender just mails the CD to the buyer and gets no evidence of receipt, the waiting period is 6 days. The Title company will then draw up a combined closing statement for all parties once the CD is received from the lender. This combined closing statement, which has different names at different Title companies, is similar to the previous HUD-1 settlement statement.

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Lending / Financial
Tags:
spirit messingham
tucsonspirit
buyers agent tucson az

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
175,464

Spirit Messingham

Third Generation Full-Time Realtor® 520 471-6900
Ask me a question
*
*
*
*

Additional Information