The Nail-Biting Delays on Mortgages
WHEN Jill and Robert Miller signed a contract for a two-bedroom co-op on the East Side of Manhattan just before Thanksgiving they thought they would be in their new home by now. But the Millers are still in their rental apartment because the lender from whom they sought a mortgage took so long to handle their application. They finally got a loan from another bank and closed on the apartment at the end of March. They will be moving in after renovations have been completed.