How Long Does Escrow Take Nowadays?

[scaredyclassic]

We are planning to bid at an auction. The winner must make a nonrefundable 5% deposit. Escrow must close in 45 days or the 5% is at risk. The seller can extend escrow at $150 a day at their sole discretion. There’s nothing unclear about my income, w-2, 20% in the bank, all seasoned.

Is 45 days enough to be relaxed and confident or is it likely I could blow the 45 days?

Is any lender better than any other?

[ybitz]

It took me 23 days.
You might want to look at aimloan.com While I didn’t use them (out of loyalty for a different lender…probably foolish of me), I did do quite a bit of research on lenders. Aimloan seems to be completely upfront about their fees, are located in San Diego, and their rates are really good.
It’s hard to compare lender’s rates though, because unlike Aimloan, they don’t tell you everything.

Aren’t real estate auctions normally all cash? Or is this not the courthouse-step auction for foreclosures?

[ybitz]

It took me 23 days.
You might want to look at aimloan.com While I didn’t use them (out of loyalty for a different lender…probably foolish of me), I did do quite a bit of research on lenders. Aimloan seems to be completely upfront about their fees, are located in San Diego, and their rates are really good.
It’s hard to compare lender’s rates though, because unlike Aimloan, they don’t tell you everything.

Aren’t real estate auctions normally all cash? Or is this not the courthouse-step auction for foreclosures?

[ybitz]

It took me 23 days.
You might want to look at aimloan.com While I didn’t use them (out of loyalty for a different lender…probably foolish of me), I did do quite a bit of research on lenders. Aimloan seems to be completely upfront about their fees, are located in San Diego, and their rates are really good.
It’s hard to compare lender’s rates though, because unlike Aimloan, they don’t tell you everything.

Aren’t real estate auctions normally all cash? Or is this not the courthouse-step auction for foreclosures?

[ybitz]

It took me 23 days.
You might want to look at aimloan.com While I didn’t use them (out of loyalty for a different lender…probably foolish of me), I did do quite a bit of research on lenders. Aimloan seems to be completely upfront about their fees, are located in San Diego, and their rates are really good.
It’s hard to compare lender’s rates though, because unlike Aimloan, they don’t tell you everything.

Aren’t real estate auctions normally all cash? Or is this not the courthouse-step auction for foreclosures?

[ybitz]

It took me 23 days.
You might want to look at aimloan.com While I didn’t use them (out of loyalty for a different lender…probably foolish of me), I did do quite a bit of research on lenders. Aimloan seems to be completely upfront about their fees, are located in San Diego, and their rates are really good.
It’s hard to compare lender’s rates though, because unlike Aimloan, they don’t tell you everything.

Aren’t real estate auctions normally all cash? Or is this not the courthouse-step auction for foreclosures?

[scaredyclassic]

45 day escrow, financing ok, but if not in place, you can lose deposit.

[scaredyclassic]

45 day escrow, financing ok, but if not in place, you can lose deposit.

[scaredyclassic]

45 day escrow, financing ok, but if not in place, you can lose deposit.

[scaredyclassic]

45 day escrow, financing ok, but if not in place, you can lose deposit.

[scaredyclassic]

45 day escrow, financing ok, but if not in place, you can lose deposit.

[ybitz]

What are the fine prints? It takes both parties to close escrow; the seller can drag their feet in giving you what you need to close on time…would you be liable for losing your deposit in those cases?

[ybitz]

What are the fine prints? It takes both parties to close escrow; the seller can drag their feet in giving you what you need to close on time…would you be liable for losing your deposit in those cases?

[ybitz]

What are the fine prints? It takes both parties to close escrow; the seller can drag their feet in giving you what you need to close on time…would you be liable for losing your deposit in those cases?

[ybitz]

What are the fine prints? It takes both parties to close escrow; the seller can drag their feet in giving you what you need to close on time…would you be liable for losing your deposit in those cases?

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