dry closing in real estate: What is a "Dry Closing" ? asked the Agent
- 08/20/17 06:16 AM
Unlike a dry martini or something that someone might prefer....a "dry closing" is not anything that a Buyer, Seller or agents prefer. As much as some people would like to blame this situation on the "new and improved 3 day rule" (I am still at the THREE days 'really Stage ) it has been a situation that has been around forever. Someone dropped the ball...the "Someone" is likely to be the lender....apparently there are "exceptions" when for some reason the borrowers did not receive the CD (Closing Document) perhaps due to technical difficulties etc.....but the Lender is usually the … (60 comments)
Unlike a dry martini or something that someone might prefer....a "dry closing" is not anything that a Buyer, Seller or agents prefer. As much as some people would like to blame this situation on the "new and improved 3 day rule" (I am still at the THREE days 'really Stage ) it has been a situation that has been around forever. Someone dropped the ball...the "Someone" is likely to be the lender....apparently there are "exceptions" when for some reason the borrowers did not receive the CD (Closing Document) perhaps due to technical difficulties etc.....but the Lender is usually the … (60 comments)
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