Quick Answer: What Can Go Wrong After Closing?

What not to do after closing on a house?

So to raise the odds that all goes smoothly, here are five things you should never, ever say at closing.

  • ‘I quit my job this morning’
  • ‘I can’t wait to get all the new furniture we bought’
  • ‘I can’t believe the appraisal came in $20,000 above the sales price’
  • ‘I can’t wait to gut the house’

What could go wrong at closing?

One of the most common closing problems is an error in documents. It could be as simple as a misspelled name or transposed address number or as serious as an incorrect loan amount or missing pages. Either way, it could cause a delay of hours or even days.

Can a loan be denied after closing?

After Closing Although it’s rare, it is even possible for your lender to pull a refinance loan after closing. Technically, your loan doesn’t actually fund during the rescission period, so the lender could decide to not send the money. If you aren’t in some form of default, though, this would be a breach of contract.

Can seller back out after closing?

Yes, a buyer can back out of a sales contract before closing — but what are the consequences. If the buyer backs out, they may have to forfeit part or all of this money, depending on the terms of the original sales agreement, including contingencies in which the buyer can walk away.