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Three days grace is not mandatory

OK I'm on another rant and again because of a comment by a Banker who when advised Settlement would be delayed if the FHOG approval was not received today, simply replied "They have three days grace".  So what!!!!!!!!!!  The Buyer's want to move in, the Sellers want their money and they want this to happen on the 23rd, they dont want to use their three days grace, they want to settle.  It is not essential to use the three days grace and if everyone did what they should when they should there would be no need to use the three days grace.  When we start using the three business days as an standard settlement extension or to allow for others incompetence or failure, you have to wonder at the point of having a settlement date at all. The Rant.


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