“These Last Minute Closing Conditions Just Drive Me Crazy”
We received an updated approval and the underwriter has some questions for the appraiser in regards to the driveway on the report. The appraiser wrote the following comment: “driveway- very uneven with cracked macadam”, now underwriter wants the appraiser to advise if this needs to be fixed if it’s a safety issue.
The lender has had the appraisal for a few weeks, so I inquired as to why this question was not asked when the appraisal was received. Their answer was one that I have heard many times. “We don’t review the appraisal until we know everything has been signed off”. OK, but everything else was signed off over two weeks ago, the only thing the lender was waiting for was a paid homeowner insurance policy receipt.
Most of us in the mortgage business have experienced last minute conditions like this that will only piss everyone off, especially me. How does any of this make sense?
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
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