Life Style Denver by Gretchen Faber

Mortgage Caution – Delays in Closings Will Happen!

A broker in my office came to me yesterday with some questions about a seller's recourse if the loan doesn't fund at closing. Colorado is a "table closing" state, and our contract expressly states that the buyer must attend the closing with all moneys and documents.  This means that if a closing is at 4 p.m. on a Wednesday, as this broker's closing was, the buyer and the buyer's lender must perform under the terms of the contract at 4 p.m. This...Continue Reading!