Tuesday, January 19, 2010

2 Days Before Closing and My Client ELOPED!!

Imagine that! here I was 2 days from the closing table. The seller had moved out and the attorneys were working with the closing department on the documents and figures. the title company had already scheduled the time and place and the realtors had already spent their money. It wasn't meant to be..or was it? our occupying borrower (her ex was the non occupying borrower) met her match in a pre-valentine type tale and eloped to another state!! As this was an owner occupied 3.5% down FHA loan, we could not close the mortgage, so we called the closing. Thanks to wonderful realtors and attorneys for both the buyer and seller the tale has a happy ending for all parties!!
Our newly wed couple is buying a home in another state and I am doing that loan!!
Our ex husband will be getting back his down payment because the realtors sold the home to a wonderful young couple expecting their first child. And I am doing their loan!!
Our seller was able to post-phone her move out date, so although her nerves are shot, she is happily ensconced in her home for a few more weeks
The title company is doing the new title..
Alls well that ends well...and I feel like I just ran the marathon with disclosures, appraisals, HVCC, the new GFE, and the constant race against time so that all will close on time..in the right time.

No comments:

Post a Comment