Why Do We Need Good Agents, Closing Attorneys, Mortgage Lenders?

This morning I closed out my last transaction of 2008. It was a first time homebuyer, very small sale of only $86,000, and to some very insignificant. But at this closing that lasted from 8:30am to 1:30pm, there was nothing insignificant about this time where it seemed her dreams were melting away! Finally after hours of conference calls, emails, and faxes we were able to help a young lady into her first home. Her smiles and hugs of excitement were the best way I could have closed out 2008.

It all started by getting her hooked up with one the the best Baton Rouge lenders who was able to get her 100% state bond financing (unheard of in today's market). The mortgage and inspection process went smoothly. Then at closing we first learned that the seller hadn't disclosed that a tenant was 3 months behind in rentals + was in eviction process. Agreements had indicated a smooth transfer of deposits and proration of rents. To top it off, the seller's attorney of a year ago had failed to payoff and record a loan from when the sellers purchased the home! The 3 sellers were out of state and represented by their agent, who also hadn't a clue what had been happening. Since the lender and my buyer selected a top notch attorney for title and close, they were able via conference phone calls, emails, and faxes to draft a satisfactory resolution and close this transaction. Excellent service from those of us who are Realtors, Real Estate attorneys, and lenders is sort of like a 747 captain flying a jet airliner. For 95% of the time things go smoothly and no one notices.

But when you hit wind sheer or title or disclosure problems, those professional airline captains and Realtors know how to get you thru the storm!

Smooth flying to all in 2009!