Closing Delays

As strict as lenders have become lately when it comes to underwriting loans, closing delays have become more common. I now tell my clients upfront that there is a good chance that the closing may be delayed by a day or two.

It seems that lenders have an endless ability to think of new things they need just before closing. Some of those things have included re-verifying employment, needing a seller to initial an addendum which the seller had already signed, wanting a second appraisal, requiring the buyer to provide an independently audited personal financial statement, and the list goes on...

Luckily a delay is all it usually is. Out of the over 50 homes I have sold so far this year, only once did I have a sale fall through because of the lender.

Trumm Team - Alliance Real Estate, Omaha, NE

Your Home Sold within 120 Days or I will Buy It!