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A Happy Ending To A Very Frustrating Transaction.
 
Here's a great blog written by George Suoto about a transaction that took longer than the gestation period of most mammals to close.  Unfortunately late closings have become the norm in this market, especially on foreclosures and short sales where the seller is a corporation with multiple people and processes that must fall into place in order for closing to occur.  The details of this transaction are truly unique, but every situation has its own unique challenges and circumstances anyway.  No two are ever alike.  Buyers should budget extra time for delays that are beyond the control of almost everyone involved.  Those that fail to do so are always the ones that get stuck in a bind.   
 
Back in April I wrote a blog about a loan that I was doing for a young man that was purchasing a Bank Foreclosure.  Well I am happy to say that the loan finally Closed this morning.  It took a 110 days, and a lot of frustration, but it finally  Closed.
When I was Pre-Approving this young man for this loan I tried to prepare him for the frustrations that I new he was going to encounter along the way, and the Realtor also ... more

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