I need to vent a moment....Over and over I find that sevealt deals of mine don't close on time because the lender waits to the last minute to A. work on the file and B. to clear up any conditions that may arise. From contract to close I give them at least 45 days so it's not like I am pushing for a quick close. It seems the processors and underwriters of big banks just don't care if it closes on time or not. They don't care or maybe realize the importance they have on the buyers and seller's lives.
This afternoon I find out that the title company doesn't have closing instructions or the package and we are supposed to close tomorrow. The lender had the file for over 7 weeks.
My question is how do we tie the lender in to commit to these deadlines and time frames? It seems that all professionalism and care of the outcome of the buyers and sellers have been thrown out the window. Let alone everyone else involved in the transaction.
How can we close on time and actually close? Your thoughts?
Thanks,
Fred in FLorida
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