I’m closing a home in el monte, ca. on Apr. 15th 2010(original close date). But since we heard about this new CA $10,000 for first time buyers, then we are trying to extend the escrow. But do I have to pay the per diem for 15 days? How is it usually calculated? And is it still possible to extend it since I already wire the entire funds to the escrow(cash perchase)? But I don’t think the money is gonna be transferred until tomorrow caused of the easter sunday. And seems tough, because the agent is representing me and the bank, and she is not so cooperating.
Please advise.
The Jonas Kruckeberg Team originates, processes and closes mortgage loans while providing guidance, transparency, education and leadership to the communities of San Diego and Riverside County.
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Hi Jonas,
I’m closing a home in el monte, ca. on Apr. 15th 2010(original close date). But since we heard about this new CA $10,000 for first time buyers, then we are trying to extend the escrow. But do I have to pay the per diem for 15 days? How is it usually calculated? And is it still possible to extend it since I already wire the entire funds to the escrow(cash perchase)? But I don’t think the money is gonna be transferred until tomorrow caused of the easter sunday. And seems tough, because the agent is representing me and the bank, and she is not so cooperating.
Please advise.
Thank you!
Hi Jack,
I’m moving this comment over to the main discussion panel.
You can go to http://www.jonasloans.com/faq/california-tax-credit/ to view my answers.
thanks,
Jonas