It was the best of times, it was the worse of times, it was closing time!  I was lucky to have 2 closings last week that actually closed.

One of my short sales that I have blogged about before closed.  It was rescheduled several times due to buyer's lender not giving a clear to close.  It finally closed but it was not easy.  Up until the las minute the short sale approval letter was revised with last minute demands from the 1st lien holder that could have dismantled the whole deal.  Without the hard facts and figures from monthly market closings the lender would have forced another foreclosure instead of getting a majority of their money upfront.

The buyer got a great deal, lawyers,and two lenders made money, two realtors and local, state governments will get new tax revenue from property taxes and transfer fees.  Another successful closing, another house off the market.

My next closing was with a 1st time home buyer and an investor who had rehabbed the property.  This one almost didn't meet the lender's lock deadline because the earnest money was not deposited by the seller's attorney in a timely matter.  Small details can really make a difference.  Even a last minute lender request almost stopped the funding and release of funds due to a lender requirement that the homeowner's policy receipt be typewritten paid versus stamped paid.  Are lenders getting picky???  Now that the horse has not only left the barn but closed the door and run off to the neighbor's pasture lender's are coming up with unreasonable demands that have nothing to do with the credit worthiness of the borrower.

But despite the small bumps in the road we were able to get funding and make another set of players happy.  Lenders, lawyers, title company, state and local government, loan officers, sellers, buyers and finally 2 realtors.

Here is the happy buyers - getting the key to their new home:

Making buyers and sellers happy is well worth the effort of getting them to the closing table.