A couple of years ago, I had an engaged couple contact me for assistance in finding a place to live. She had made it clear that they wouldn't be moving in together unless there was a ring and date. Her birthday was a month off and his plan was to give her a ring, set a date and start the purchase process. The birthday came, he romantically presented the ring on bended knee and made a commitment to marry in six months. Two weeks later, we found a very nice condo in a good commute location at an affordable price.We were to close in 60 days. All was going well until about 10 days before closing. The mortgage underwriter needed certain documents in order to finish the loan. The purchaser said he knew where they were and indicated he would provide them shortly. Five days go by, no documents. Since the loan was otherwise clean and the documents needed were very minor, the underwriter decided to go ahead and approve the loan, with the documents to be provided at closing.
The day before closing, I get a call from the loan officer. The purchaser resigned from his job and, his home voicemail says, "I will be gone for extended period of time. Try reaching me in a month or so...."
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