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delayed closings: Why is your mortgage money late to the closing table??? - 01/12/08 04:41 PM

 
You are sitting at the closing table and the title company says that your mortgage money is not in their account as of yet. What could this mean? Possibly no closing or maybe a dry closing? I was inspired to write this because of many of the comments from other real estate agents in a blog that Diane Testa wrote, Are you having a lot of "dry" closings lately?
 
In Diane's post, here is what she had mentioned in regards to why the money might not be at the closing table. "Now, here is my question. Is this … (26 comments)

delayed closings: Why loan problems should not be known last minute....... - 08/08/07 07:19 AM

This seems to be a growing problem within the mortgage industry. Mortgage closings that don't close on time. What kills me are the excuses that lenders use when giving the bad news, usually last minute. Key disclaimer, yes, things do happen that are not of anyones control at times. But what is the percentage between these that are delayed by the inevitable and those because the lender fumbled the deal.
Inside information : For those that don't know the mortgage process, I will give you an outline below soon. But here is some startling information. Most lenders need at least 48 hours … (27 comments)

 
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Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Cherry Hill, NJ

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Address: Cherry Hill New Jersey 08034 08002 08003, Haddon Heights New Jersey 08035, Haddonfield, NJ, 08033

Cell Phone: (609) 440-5133

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I just want to educate people about mortgages and the process. In regards to lending, I am very creative, intuitive, honest, and one who communicates information, may it be good or bad. I am a loan officer that looks out for your best interest.







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