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Closing Soon


Rick9972
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Well we got Pre-Approved made an offer and signed the contract. Been playing 200 questions with Loan officer and killed about 5 trees so far, providing all the requested paperwork. :roll:

Now my question. DW called the utility company to have the electric changed over to us on the day of closing and this is what she was told: "Due to the status of the current account on this property, we are unable to transfer the utilities to you. We will entertain the possibility if you bring the completed paperwork of the actual sell on the day of your closing."

What is this? Is this something we need to address with our Realtor?

Thanks Everyone!

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Yes, Tell your Realtor soonest. I would suggest that you get this taken care of at least a week before you close if possible. In some areas it can take up to a week to get power turned on - so very wise that you found out about this problem before you had to wait a while w/o power.

Charles

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It probably means the current utility account is in arrears. The utility company is just trying to prevent the current occupants from switching the account to a different name, hence needing proof of the sale.

I had to get a letter from my landlord stating that I was a new occupant of my current apartment for the same reason. The former tenants were over $1100 in arrears!

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