New mortgage disclosure rules may require buyers to schedule the final walk through differently. Typically property buyers conducted their final walk through on the day of the closing. The new mortgage disclosure rules prohibit changes to the loan contract terms 3 days before the closing.
Now optimal scheduling of the final walk through would be several days before the buyer receives the closing disclosure form. This will give the buyer time to address repairs or problems needing to be completed by the seller. This can prevent any disruptions that would require the lender to restart the mortgage disclosure process.
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