From contract to closing? Mine was 4 days and took place in May of 2007.
A four day closing! Yep, that's right, my Sellers and I negotiated a deal on a Monday and closed it Friday afternoon. Not only that but it was a 100% financing deal on a $230,000 property and a mail away to the Seller!
Is that fast or what? The contract was fully signed late Monday and sent to the Title Company on Tuesday morning. Appraisal and survey were done Tuesday afternoon. Final mortgage approval was on Thursday and Seller docs were Emailed to them on Thursday afternoon. They signed and had them notarized and placed back in UPS by 6:30 for a Friday delivery. The Buyers signed at 4:00 pm on Friday and we were closed. How's that for a job well done?
This was no Fickle Fantasy. It was a real deal. The Sellers were pleased, the Buyer was excited, the Title company, Lender and the REALTORS® came together like a finely tuned machine. It was poetry in motion.
In contrast, next week I'll be closing (hopefully) on a Bank of America Short Sale that has been under contract with the Buyer since September. This is my 5th Buyer for this particular property!!! Things sure have changed over the last few years. So what was your fastest closing?
Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.
Want to find out more? www.CentralFloridaShortSales.com
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