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The document is a formal request for an extension of the loan closing date, detailing the property address, loan number, and reasons for the delay. It includes a request for a specific number of additional days, an extension fee, and required supporting documentation. The document also provides space for signatures from both the loan applicants and the lender to indicate approval or denial of the request.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can you reschedule a closing date?

Even though a closing date is a contractual obligation, a closing date can be changed if all the parties agree. Or, there may be provisions to change a date if certain circumstances apply.

Do you need an addendum to change closing date?

Closing date clause with buyers right to accelerate closing The Closing Date shall be [Closing Date]. However, the Buyer shall have the right, upon [number] days written notice to the Seller, to accelerate the Closing Date, provided that all conditions precedent have been satisfied or waived.

Can I extend my house closing date?

Answer -- The short answer is yes, the closing date can be extended by either the seller or the buyer. As for costs incurred due to the delayed closing, that depends on the grounds for the delay.

What is the addendum for closing date change?

A closing date extension addendum is an agreement between the buyer and seller of a property to extend the closing date of their purchase agreement. Once executed by all parties, the addendum is attached to the original purchase contract to include the new date on which the ownership will be transferred.

How do I change the closing date on a contract?

A contract addendum is an additional document that is attached to the original contract. The decision to use an addendum or an amendment depends on the nature of the changes being made. If modifications are substantial and affect the core terms of the agreement, it is generally appropriate to use an amendment.

What is the extension addendum to a contract?

Instead of scratching out and handwriting over certain parts of the contract, addendums are drafted and signed to prove both buyer and seller agree. This includes: Modifying the purchase price, closing date, and financing terms. Adding contingencies like home inspections or repairs.

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