Finally closed

[bigred1]

I'm glad it's finished for you and you can catch your breath before the next set of worries begin. I'm right behind you in the process. Good luck!

 

[Parks 788]

OP, congrats on the sale. If you had a buyer backout just before closing they should have had deposit they would lose. We just closed on our home on a 60 day escrow. I believe at about the 16 day mark into escrow if the buyers backed out we would have retained their $46K deposit.

And someone here jsut mentioned they make a deal on a home on a handshake. I wouldn't advise that at all.

 

[O4L]

I'm glad it's finished for you and you can catch your breath before the next set of worries begin. I'm right behind you in the process. Good luck!

When I first saw this thread title I thought it was going to be your closing announced already.

 

[bigred1]

When I first saw this thread title I thought it was going to be your closing announced already.

You maybe didn't see but I stated on my thread that we're closing on July 12th....

 

[Fredkrueger100]

I just refinanced mine with an interest rate of 2.88%! We are using Rocket Mortgage. It was so easy to do. I can’t believe the rates are so low.

 

[cowzrul]

OP, congrats on the sale. If you had a buyer backout just before closing they should have had deposit they would lose. We just closed on our home on a 60 day escrow. I believe at about the 16 day mark into escrow if the buyers backed out we would have retained their $46K deposit.

And someone here jsut mentioned they make a deal on a home on a handshake. I wouldn't advise that at all.

Maybe in CA you will get to keep earnest but the Realtors I know and the person I asked at the title company said you will be hard pressed to keep it these days. Besides the earnest money was only $5k. Congrats on your closing BTW.

 

[bulbboy]

It's extremely rare in Oklahoma to lose all your earnest money. The most a client of mine lost was 1/2