I close on my house for the 2nd time in a week. Will this one take?

[shereads]

Closed the sale last Thursday after nearly a week of twice-daily postponements. Paperwork screwed up. Bank closed for holiday weekend. Buyers left on vacation.

Still owned house.

Original closing statement outdated; prorations etc. had to be recalculated.

Today we apparently closed again. Not sure I believe it.

Has this ever happened to you?

 

[R. Richard]

Closed the sale last Thursday after nearly a week of twice-daily postponements. Paperwork screwed up. Bank closed for holiday weekend. Buyers left on vacation.

Still owned house.

Today we apparently closed again. With all that practice, we should get it right eventually - but I won't believe it until the funding clears the bank.

Has this ever happened to you?

I used to have a real estate license. You mean there's another way?

 

[DesertPirate]

Wishing you the best

 

[shereads]

Wishing you the best

Darling, I am the best. But thank you.

 

[Guest]

Good luck.

Again.

 

[voluptuary_manque]

R.Richard is right. I know, because I also had a real estate license. This kind of thing is why I quit and became a teacher. Children can drive you nutz but they don't do it as deliberate policy.

 

[TE999]

Closed the sale last Thursday after nearly a week of twice-daily postponements. Paperwork screwed up. Bank closed for holiday weekend. Buyers left on vacation.

Still owned house.

Original closing statement outdated; prorations etc. had to be recalculated.

Today we apparently closed again. Not sure I believe it.

Has this ever happened to you?

Sort of.

The couple that were buying our house showed up for the closing sans homeowners insurance. The bank was not pleased.

Three hours later insurance was secured, the papers were signed, we had a check and we were on our way.

Then the moving van got lost, but that's another story.

 

[Elianna]

I had to put my stuff in storage because I couldn't move INTO my house. The people wouldn't vacate couldn't get financing on their new home...grrr

 

[_Lynn_]

I guess I was lucky then.

The ex and I just closed on the house we owned together last week.
It was a cash sale, all papers were ready, the new owners had everything in order, and things went fine.

Good luck to you.

 

[voluptuary_manque]

Closed the sale last Thursday after nearly a week of twice-daily postponements. Paperwork screwed up. Bank closed for holiday weekend. Buyers left on vacation.

Still owned house.

Original closing statement outdated; prorations etc. had to be recalculated.

Today we apparently closed again. Not sure I believe it.

Has this ever happened to you?

Escrow closing karma . . . ON OOOOOOOOOMMMMMMMMMMMMMM . . .

 

[starrkers]

Only sold one house.
But sold it twice. The first lot of buyers dicked around for weeks because of finance hassles. Eventually we set a deadline they failed to meet and put the house back on the open market.

Meanwhile, I moved with the kids and left hubby behind at the house until it sold.

 

[Guest]

*keeping everything crossed for you*

 

[impressive]

Well, I closed (taking full ownership after the divorce) right on schedule -- but in the process, a judgment lien was found against my property for a 2002 misdemeanor assault charge. According the the police report, which bears my "identifiers" (birthdate, SSN, driver's license), *I* assaulted my ex-husband's new wife in a mall almost 6 years ago, calling her all manner of unflattering names and threatening to mess her up. Also, according to the mug shot, I was 8" shorter in 2003 than I am now. (That *is* impressive. Wish I knew how I did it.)

After a month of hassle, red tape, fingerprinting, and almost $250 in assorted fees, I am happy to report that *I* have been exonerated. I sent that fingerprint report to the state police yesterday and told them precisely how they were going to kiss my ass in order to avoid major embarrassment (and a lawsuit). Within an hour, I had a return call that basically said, "Yes, ma'am."

I hope things go better for you, sugar!

 

[rgraham666]

Got my fingers crossed for you, sher.

 

[oggbashan]

I'm keeping things crossed too.

When I got married, we were buying a house, to complete a week before our marriage.

Eventually we spent the first six weeks of our married life in a so-called holiday flat while we waited for the purchase to go through.

When we sold that house we were third in a chain. The mortgage lenders for the first-time buyers at the start of the chain suddenly decided to delay their mortgage for a month. We, and others in the chain, helped to pay for a bridging loan for the newbies so that the chain could stay complete. As a percentage of the transaction cost our contribution was small but the cost to us and the others in the chain if the chain had collapsed was twenty times as much as the bridging loan contribution.

However even that wasn't enough to avoid trouble. The last person in the chain, selling his deceased aunt's bungalow, refused to hand over the keys to the purchaser until the money was in his bank account. We were due to have our house at 6pm on one day. We had arranged with the removal company to arrive at the new house at 12 noon the following day. However the old owners couldn't start moving out until 6pm, 24 hours after the sale was supposed to be completed. They were moving themselves with the help of their extended family. They had cleared the ground floor and piled everything in the garden and drive of the new house that they didn't yet own. They hadn't touched upstairs. All our furniture was labelled with the exact room and location in that room but everything had to be unloaded into the ground floor. The new house was five times the size of our previous house.

That night we slept on a mattress in an empty bedroom. The people who had moved out were in their late 80s. They had to climb across furniture to get into bed. The next morning their grandchildren had to move furniture before the grandmother could get up.

It took us six weeks to sort out our furniture into the correct rooms.

Many years later we tried to sell that large house, having already bought a smaller one since the children had left home. We had a sequence of five "cash" buyers, all of whom were lying through their teeth. One hadn't even told his wife that he was thinking of selling the family home and moving. Eventually we sold the house at auction. In retrospect we got a reasonable price for it but at the time it seemed too little. Some of our neighbours who had their houses on the market when we went to auction still haven't sold - a year later.

However we still haven't reduced our belongings to fit the new smaller house. We're working on it but everytime we find some space one or other daughter fills it with items "just for a few months"...

Best wishes for the sale. All house transactions seem to be traumatic wherever you are.

Og

 

[glynndah]

R.Richard is right. I know, because I also had a real estate license. This kind of thing is why I quit and became a teacher. Children can drive you nutz but they don't do it as deliberate policy.

Oh, you poor deluded bear.

 

[JAMESBJOHNSON]

SHEREADS

It's a common phenomenon.

A lot of it has to do with whoever the loan officer is. If the loan officer had his balls cinged with bad loans, he tends to be a fraidy-cat about closings.

My youngest daughter went thru several 'closings' on her house before one stuck. What she did was rent her house to the couple until the bank got its shit together.

Plus banks borrow the money they lend you. If the bank gets jacked around, you get jacked around.

About 1981 I made a mortgage with a buyer because home loans were outrageous. The interest on a loan was like almost 20% then, so I made a loan for 10%, and the buyer got a real mortgage when the interest rates dropped.