Well, this week didn't exactly go as planned. With 2 closings scheduled for the same day (7/31), this was supposed to be a very productive week but both of my buyers were turned down for financing at the last minute. Yes, these things happen sometimes and both agreed to an extension but the reason that one buyer was turned down is a new one on me. The conditional approval included one thing that was impossible to get by - the immediate area was deemed to have too low of a building density - too rural. So, now a few days later we have an approval with another lender but we are waiting for an appraisal review which will push the closing date into next week. With lenders reeling from the amount of defaulting loans, underwriters are being VERY carefull before signing off on any file - they are going to err on the side of caution for some time to come. This may push marginal borrowers out of the market with no place to get financing and those who are fortunate enough to get their loan will have to be patient as the lender dots all of the i's before giving an approval. Getting your buyer into a loan may be like driving at rush hour for a while - expect delays - 30 day closings aren't going to be as easy as they were. With fewer and fewer options, those lenders that offer a product for the marginal borrower are going to be swamped with applications.