I know Wednesdays are when we're supposed to post our "Wordless Wednesday" posts, but frankly, I'm not very good at being "wordless" unless I'm sleeping (and according to my husband, even then I have something to say now and then).
I've been working with some wonderful clients on the sale of their home since January. We received an offer in February and were shooting for a March 26 closing date. I always caution my clients that a real estate closing date is a little like a pregnancy due date, however no amount of expectation setting can fully eliminate a seller's stress at closing.
Washington is an Escrow State.
We do not all sit at a closing table and officially close the sale. Rather, buyers and sellers sign with escrow (separately), the documents go back to the lender for review, the lender then releases the loan for recording......at least that's what ususally happens.
For the first time in my career, I had a situation come up, where the lender did a MERS search just prior to releasing funds and the buyer (a single individual) came up as being on another loan.
Say what?
How did we get through underwriting? How did we get all the way to the precipice of release only to find this out now? As it turns out, the buyer was only on title, not on the loan but there were plenty of hoops and loopholes the buyer had to jump through to satisfy then lender.
It's been a rough few days and our extension was only through today.
Here's how it went:
9:47 AM:
Noon
And finally at 3:36 pm
I know the journey is supposed to be more important than the destination, but these days it seems we're spending more time on the road with the finish line always moving out there on the horizon.
It's nice to be parked.
At least for tonight.
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