Yesterday (January 11th, 2017) was a trying day... and it didn't have to be...
I sold a property in October with a closing date of January 13th, 2017. And, for the record this property is a 1 hour drive away. I took the listing because it is the daughter of a very long time friend.. and I lived in that city for 45 years, so know it well.
I was told late last week that the lender had to do an Appraisal. The earliest we could scheudle was Tuesday morning, January 10th.
Yesterday I was notified by my Buyer, that when the Appraiser sent in her report to the Lender, (Wednesday morning, January 11th) she mentioned a black mark in a small area of the wall in the basement on the concrete foundation where the washer and dryer used to sit.
The lender is saying we now need to have a certified inspector examine this small area to determine whether it is mold. They will not release funds until this inspection is done.
First, let me say that this appraisal and paperwork for the financing should have been done weeks ago, not 4 days prior to closing, which really upset me.
We (myself and the Lender) scrambled starting at 3:00 p.m. in the afternoon making calls to see if we could find a local inspector to come to the house for 5 minutes to check it out. As chance would have it we found someone who lives 5 minutes from the property and agreed to come out later that evening. It is now 5:00 p.m.
I told him that I would not leave until at least 7:00 to let the rush hour traffic pass and I could meet him around 8:30 p.m.
I drove to the property and met my Buyer and the Home Inspector who was aghast that we had to call him in to look at what he saw. This house is 70 years old.. it is a concrete block and mortar foundation. It is completely dry, no leakage or moisture issues.. The black marks on the wall were age related and no mold spores were found anywhere.
Remediation: Scurb brush and some detergent.. AND, the inspector told me mold spores do not normally grown on concrete.
But the one very nice thing that happened at the end of this was ... that the Inspector paid me a very nice compliment saying he knows a lot of realtors, and he congratulated me saying there are too few agents like me out there who would go above and beyond for their clients.
I say "stuff happens" and its what I do to take care of my clients, to let them know I am there to support them, and to do whatever I can to ensure the closing takes place as scheduled with no problems.
ALL IN A DAY'S WORK!