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Getting to Closing....Never Easy but Always Worth the Effort
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 ... more

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