October 31, 2021 Update to this. The new version (6) of the FAR BAR As-is is being used effective Nov 1 and it does affect the information below.
OK, so we have discussed how to count days for things like the Inspection Period and the Loan Approval Period in the FAR/BAR As-Is Contract in THIS POST. But what about when days are counted backward from the Closing Date. Items such as the title evidence delivered “At least X … days prior to Closing Date. So, let’s say this is the typical 15 days prior to the Closing Date and the closing date is Monday 23 November 2020. The title evidence must be delivered “at least” 15 days prior to the Closing Date. The Closing Date is day zero and we count back and Sunday 8 November 2020 would be day 15. remember though that “at least” so the time line extends to the of the day of the last business day (that is not a legal holiday) or Friday 6 November 2020.
