In the heydays of zero down loans, the turnaround time for closing was fairly quick...even had a quote to close in eight hours with a buyer in good credit and healthy savings. In today's market we can expect closing to take longer than 30 days. Closing may depend on loan types, underwriting guidelines and changes to them, bank loans versus loan brokers, and other appendage factors, i.e. business hours, communication. Too many cooks in the kitchen can lead to a lengthy closing...too much red tape (bureaucracy), broken communication, emotional brawl, verbal tussle and just strong raw human reactions...almost sounds like an episode of the National Geographic.
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