Andrew Monaghan CRS, GRI, EPro Associate Broker

Tomorrow, 9/30 is the last day for the seller assisted DPA, today i have been dealing with calls from buyers agents telling me why they have to close tomorrow, its the sellers fault, the title companies fault, its not my clients fault that lender docs have not arrived as yet but you have to stop everything to make sure it closes on time.

In Arizona, the market I work in, the buyer chooses the lender, they work for you the buyer, if they don't perform you, the buyer loses.

Its frustrating but the old addage is stue " poor planning on your part does not constitute an emergancy on my part"

Charming Mid century 2 bedroom 1 bath close to downtown phoenix, located in teh Garfield District

Comes with a car in the drivewayHole in the roof (skylight) courtesy of the Phoenix FD

Kitchen

Bedroom

Yes the note says what you think.

We offered the occupant cash for keys on Monday and Friday this was what we found, Nice

As I write the TV is on in the living room and I hear that there is an agreement on the bailout of the financial companies, the Government to the rescue. (insert theme from Bonanza)

Now let me think out loud for a minute.

the bailout is for 770 BILLION dollars (770,000,000,000.00) give or take a few zeros

there is currently 305,276,739 people in the us per the website Http://www.census.gov/main/www/popclock.html

That means that the government in its infinite wisdom just authorized a bailout costing each of us $2522.30 if my math is correct.

Way to go, i sure feel much better now.

;-)

Friday last after months of waiting, begging, cajoling and some praying we got a short sale closed for a young family about to have their first child and first home together.

I would not wish this ordeal on any client, the timing the uncertainty and the indifference was terrible.

the final insult was on the HUD, 6% commission, 3.5% to the listing agent and 2.5% to the buyers agent, nice especially as we did all work.

For the past 2 weeks we have been working on getting a property closed, This home is lender owned and it is being sold by a Mid Source company, the mid source company has the right to sign the contract on behalf of the lender but the lender will sign the final deed. This seems very simple and straight forward, i have 15 others in escrow with the same mid sourcer.

The buyers lender who shall remain nameless at this point, has rejected the contract because they have said they will not accept the signature on the contract, we have brought it to VP level on the lender (owner) got it re signed but they wont accept these signatures either, the LO is not listening to anybody and this deal will die on Monday and HE DOES NOT CARE. the buyer is sitting in a hotel with all he owns in a UHAUL and we cant move forward.

Why is this allowed to happen, the LO may think he is right but will not listen to reason in any way shape or form,

This deal will Die, I will put the home back on teh market most likley at a lower price, teh buyer has to start over and everybody looses

Bring in licensing and over signt to Loan officers in Arizona NOW, have professional standards and a fiduciary to the client.