In the Colorado Contract to Buy and Sell Real Estate there is a section with all of your Dates + Deadlines. This is probably one of the most cumbersome sections while under contract on a home because it is what guides the Lender, Title, Agents, Seller + Buyer through all pertinent steps of the transaction. These dates are important to each party for different reasons so here are some of the highlights:
- Lender: The lender has many people that work on your file and these dates and deadlines keep the file moving (typically) seamlessly from the processor through underwriting then to the closer.
- Title: The dates notify the Title company how long they have to get your Title Commitment prepared, HOA docs, and it provides them with the closing