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Old 04-08-2006, 09:04 PM
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Whose responsible for setting up the closing?


What is the name of your state? NY

I called my atty, he says its up to the the bank atty, I called the mortgage advisor she says its my atty. Now I am confused. I have a date and no plan?Anyway my mortgage advisor said said she'd call my atty on Monday. Who the heck coodinatess this stuff? Am I?
  #2  
Old 04-08-2006, 10:43 PM
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Well, in my market, the closing can't get set up UNTIL the buyer's lender is ready to set up the closing. Buyer's lender provides the money and location, so no closing can happen until THEY are ready. Once advised that lender will schedule a closing date, seller side is normally then contacted by bueyr's realtor or lender to co-ordinate a loacation and time on X date. Once date is set. then seller side proceeds to prepare their side of the closing and provide a copy of the closing statement etc. to lender's closing agent so lender's closing agent can prepare HUD and loan package. NY may have different protocol.
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Old 04-09-2006, 07:03 AM
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In my neck of the woods, the closing is set up after the lender issues the loan committment. The settlement company is chosen by the lender or buyer. Everyone is notified and we proceed as Nextwife stated.
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