Why does the customer have to sign waiver of 5 days notice for homeowners?
FHA requires homebuyers/homeowners to attend seminars or read some brochures prior to closing their loans. The FHA requires a 5 day waiting period after these seminars are attended or brochures are given to the applicants. If they need to close sooner than those 5 days, then they must sign a waiver saying they understand the closing process and wish to proceed.
