What to expect at a foreclosure closing

Nothing............ Yes you heard me right. There won't be some bank official sitting there. They are represented by the closing agent. Many times the closing documents have not been even signed by the bank. The chair is going to be empty. Welcome to the cold, cold world of banking. It is more now than ever that I realize how uncaring the banks are. It is simply about black and white. What shows up on the balance sheets.

There is no corporate responsibility or neighborhood generosity. All they care about is getting rid of the house and protecting the bank with the many addendums and legal papers. They don't care that there was water damage, they have no responsibility to tell you. Like I said the banks aren't good neighbors. They won't care about the black mold or anything else that could possibly get you sick.

Hey their disclosures and addendums protect them for any lawsuit you may bring.

There will be no extra sets of keys. The will be no instructions about how to work the appliances. There won't be a baggy with the garage door openers in it. There probably are burnt out light bulbs. There isn't any goodwill or a hearty thanks for buying the house.

You are on your own. So go home change the locks and secure your new home. Everything is on you and the bank isn't going to be checking on you to see how you are doing. So wash your hands of them. Maybe even go and support your little local credit union. Get to know your new neighbors to find out when trash day is and what you need to know about the neighborhood.

Then curl up and relax in your favorite chair in your new home.

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