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If they're paying cash or LOC they could do a lot shorter than 21days couldn't they? 21days doesn't make sense to me.. Penalty fees is the default interest rate? I guess not so bad for a $600k purchase? About $2k for another 20days..

Yeah that was my approach in offering 30days.. Ask for an extension when needed. I knew 45days wasn't a hope.

I'm trying to make a competitive offer i.e. unconditional with standard settlement (30days). Broker said the bank will more likely need 45days based on current conditions. I'm told we missed out on a deal because they offered 21day settlement :eek: seriously? Can any lender provide settlement in...