{"id":10086,"date":"2022-12-16T20:09:30","date_gmt":"2022-12-16T20:09:30","guid":{"rendered":"https:\/\/foliotitle.com\/?p=10086"},"modified":"2022-12-16T20:09:30","modified_gmt":"2022-12-16T20:09:30","slug":"expected-closing-date-vs-contract-closing-date","status":"publish","type":"post","link":"https:\/\/cloud.titletapsites.com\/foliotitle\/expected-closing-date-vs-contract-closing-date\/","title":{"rendered":"Expected Closing Date vs. Contract Closing Date."},"content":{"rendered":"

Haga clic aqu\u00ed<\/a> para ver Fecha Prevista del Cierre vs. Fecha de Cierre del Contrato en Espa\u00f1ol<\/span><\/p>\n

To understand the closing date you should consider the date of which by contract, both buyer and seller have agreed to have the closing take place. By such date, all the requirements of the transaction must have been met, and on that day, they should sign the final documents, and wait for the confirmation of \u201cClosed and Funded\u201d by the transaction team or transaction coordinator.\u00a0<\/span><\/p>\n

The differences between are notable depending on what was defined on the contract, and the expectation of both clients about the closing. The Contract Closing Date, as mentioned before, is the date by which per contract, both buyer and seller have agreed to have the closing take place. Meanwhile the Expected Closing Date, is the date in which any of the parties or both of the parties are in coordination with the closing agent and lender (if applicable) define that ideally the closing takes place.\u00a0<\/span><\/p>\n

This expected date could be defined and modified based on different aspects in the transaction, such as a shorter rate lock than the closing time frame, which would cause a shorter closing. Or delays in the association approval because of internal policies of the association, that would require an extension of the date, in this case, the expected closing date should be modified, but also the contract closing date, to allow for the correction in timeframes. This must be done by the Real Estate Agents on the transaction via an Addendum to the contract, which must be signed by buyers and sellers.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Haga clic aqu\u00ed para ver Fecha Prevista del Cierre vs. Fecha de Cierre del Contrato en Espa\u00f1ol To understand the closing date you should consider the date of which by contract, both buyer and seller have agreed to have the closing take place. By such date, all the requirements of the transaction must have been […]<\/p>\n","protected":false},"author":50,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-10086","post","type-post","status-publish","format-standard","hentry","category-english"],"acf":[],"yoast_head":"\nExpected Closing Date vs. Contract Closing Date. - Doral, FL Title Company | Folio Title LLC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cloud.titletapsites.com\/foliotitle\/expected-closing-date-vs-contract-closing-date\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Expected Closing Date vs. Contract Closing Date. - Doral, FL Title Company | Folio Title LLC\" \/>\n<meta property=\"og:description\" content=\"Haga clic aqu\u00ed para ver Fecha Prevista del Cierre vs. Fecha de Cierre del Contrato en Espa\u00f1ol To understand the closing date you should consider the date of which by contract, both buyer and seller have agreed to have the closing take place. 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