Don’t Make Vacation Plans When Buying a Home!
By Ed Gillespie
(WealthWise Mortgage Planning, a Division of American Pacific Mortgage Corporation NMLS #1850)
Don’t Make Vacation Plans When Buying a Home! It seems straightforward enough. Your sales contract says that your home purchase must close by (date) so you should be moved and ready for a vacation about a week later. After the stress of a move, a long, relaxing vacation sounds wonderful, right? As a Roseville Mortgage Broker, I've seen many home purchase transactions not close on time. The close of escrow may end up being during your scheduled vacation, leaving you to lose money by changing your vacation plans, beg the seller for an extension to close after you return or try to arrange a Power of Attorney to sign for you (if the lender will allow it). Three not-so-good options that create more headaches in a process with a lot of headaches already in it! Best bet is to take a vacati...
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