A Tale of Two Brothers ...
and One Roller Coaster of a
Home Sale and Mortgage Transaction
The headline in a local paper recently caught my eye. The ensuing article contained the obituary of a man that I had once been involved with in a mortgage transaction, years and years ago.
This transaction had taken place when I worked at my first job ... a Savings and Loan ... and it was perhaps what I'd call the most "interesting" mortgage transaction I've ever taken part in. It certainly made an impression on me.
Now it wasn't the actual financing portion of this transaction that made it so very interesting. No, it was the human drama that was introduced into it by the sellers of the property being financed by my borrowers. There was a "divorce" of sorts involved with these sellers, but they were not the typical couple going their separate ways.
You see, the sellers were not a man and a woman, but two brothers. Nevertheless, there was just as much "he said this" and "he said that" as any battling couple I had run into to that time, or have since ... if not more.
The processing of this mortgage transaction took forever because these warring brothers couldn't agree on anything. In fact, they were very lucky that their buyer hung in there throughout the arguing and many frustrations like they did.
These brothers had inherited a property from their mother when she passed away many years prior. They had finally agreed that they would put the house up for sale. After many disagreements, and first this brother and then that brother dragging their feet over unending silly and minor issues, they had negotiated a solid sale and found their buyer.
You'd of thought that would have pretty much ended it, wouldn't you? Happy ending, all is forgotten? But no ...
The emotions that were driving this roller coaster of a deal from the beginning just kept 
rolling on ... and picked-up speed! I tell you, this was no typical family feud. These brothers had such serious issues between them, that one brother had actually legally changed the spelling and pronunciation of his last name so no one would suspect he was related to the other. That's serious!
rolling on ... and picked-up speed! I tell you, this was no typical family feud. These brothers had such serious issues between them, that one brother had actually legally changed the spelling and pronunciation of his last name so no one would suspect he was related to the other. That's serious! The Savings and Loan carefully arranged accommodations to handle the Closing as delicately as possible ... and as swiftly. (Remember this was back in the day when Closings actually took part at the lending institution itself.)
The Board Room where most Mortgage Closings took place, would house one brother when they arrived. The other brother would occupy the President's office at the opposite end of the building. That way each brother could arrive by widely located, different doors to the building and not even see one another.
Still, the Closing took hours. And neither brother ever searched the other out to make peace before, during, or after the transaction was completed. To say that this Closing transaction demanded a lot of time and attention from the real estate professionals involved, the Savings and Loan's entire real estate department, and S&L staff ... would be an understatement. Everyone was physically and emotionally exhausted when this transaction was finally over.
But seeing that obituary made me wonder ...
Did these two brothers realize what havoc their "issues" played during that transaction? Or were they so wrapped-up in themselves that they didn't care?
Did they ever get past their dislikes and disagreements with one another? Or did they carry those bitter feelings to their grave?
I'll never know, but the thought of the latter is rather sad ...
Work with a mortgage lending professional that can lead you through your home buying and mortgage processing successfully. Contact me today! I will be happy to hear from you and have the opportunity to earn your trust and mortgage business.
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