I had a settlement today, I think...

I am supposed to be on vacation this week.  The settlement on my deal from a very hot place was supposed to settle on the 15th and finally, settled today, I think.  The reason I think...

I arrived at the attorney's office at 3:30 with my client, the seller.  And, we waited, and waited.  The buyer was settling simulataneously in Cleveland, Ohio (we're in Towson, Maryland).  This in itself isn't uncommon, I had one a month ago settle in California and Towson.  The loan product was a 203K, the buyer's agent a new guy that might have 2 brain cells to rub together.  The agent tells me that the buyer is going to use most of the money to purchase other property not improve the one she's buying (and not living in).  I checked with my attorney who tells me my only obligation is to my client, the seller.  The buyer's agent last Monday told me he'd faxed the loan application to the lender with his buyer's information on it (she hadn't filled it out correctly), turns out that's not what the loan officer was waiting for, nor had he faxed anything to him.  Right after he hung up from me he called the loan officer and told him he would fax him the contractor bids and licensing information that night.  Right after I hung up the phone I called the loan officer and found out the agent had lied to me.  Not only that, but he hadn't informed the title company that there were going to be two settlements - one here and one in Cleveland.  I think that would be important. 

During the whole process I am now on a first name basis with the buyer's agent's broker, this is never a good thing in my opinion.

So, this afternoon my client and I go to the attorney's office and sign all the necessary paperwork and I am to go back there in the morning and pick up the checks and deliver them to my seller and to my office.  About 6:30 I get a call from the buyer's agent, asking me what the heck happened.  I'm dumbfounded, as far as I knew it was over with (thank God) and I would collect a commission tomorrow.  The buyer so badly pissed off the attorney in between all this that he refused to complete the transaction and send the loan package back to the bank. 

I called the loan officer and said that I had spent the better part of an hour explaining how when things appear to be too good to be true they probably are to a 9 year old.  He chuckled and he thinks we'll be able to iron this out in the morning.  I sure hope so, because this transaction started in April and should  have closed on May 23 and my seller is about ready to choke someone, thankfully, he still loves me.    So, I had a settlement today, I think.  Tomorrow I might know if I really did or perhaps it was just too good to be true.