04-11-2017 12:17 AM
When a bank changes the settlement date in your workspace, the simplest solution is to simply re-propose the settlement date you want and send a conversation to the bank to advise them of the contracted settlement date. In most cases the bank will accept your date. Opening the line of communication with the bank directly is beneficial. They may come back with information about why they need more time and it maybe that there is a legitimate reason why the bank can’t make the contracted settlement date. You can then advise your client to speak to their bank to sort out any issues and real estate agent to obtain an extension if necessary.
04-11-2017 12:30 AM
Thanks Lyn, and check in with the broker/banker to see if there is a refinance or security swap attached to the funding.
Allow the usual amount of time to find out what the buyer's source funds comprise of.