thanks to you all for your response. The explanation of all the documents was very helpful. So there is the purchase contract and the dislosures and the loan docs, right? I’m very comfortable with the disclosures which we reviewed thoroughly, I will take a look at the purchase agreement and be sure I understand everything there too.
I will take a deep breath and hopefully will feel better about the process soon.
Here’s so more background regarding why i panicked a bit this afternoon. The escrow company called and said I need to drop everything and starting signing a bunch of papers today so that we can close on Thursday. (I’m not what exactly needed so be signed) But the point is WE HAVEN’T EVEN COMPLETED THE HOME INSPECTION OR SEEN THE TERMITE REPORT. I called my realtor and he initially said “You can go ahead and sign to keep everyone happy and ask for an addendum saying that you can back out if the inspection turns up anything.” I was baffled by this advice and thought, well I’m no lawyer, but that doesn’t seem wise. So I had my husband call him back (I thought he needed a man to man talk) and tell him that was not in our best interest and that we needed him to advocate for us. The bank is trying to demand that we close sooner and as far as I understand it they’re not in a position to make any demands (there’s no NOD on the home)
We are supposed to have 17 days to close according to our offer, not to mention the fact that we couldn’t remove our contingencies any earlier because the seller had the utilities turned off and they won’t be back on ’til Tues (which delays the inspection until Wed). Sorry to blab on and on… You’re right, i need to take a deep breath.
Another thing, I don’t have a broker. We went straight to the loan officer at San Diego Credit Union, is that who I should have review it?
