1,622,432
My baggiest reason for delay: loan is not ready, so we sit and wait patiently.
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Richard Weeks
Dallas, TX
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Nina Hollander, Broker
Charlotte, NC
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Inna Ivchenko
Encino, CA
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Eric Valente
Calabasas, CA
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Roy Kelley
Gaithersburg, MD
3,988,007
Appraisals being slow to come back delay our closings. Then add in a variance in price or required repairs and it takes a lot of jumping through hoops to make it happen by the close date.
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Richard Weeks
Dallas, TX
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Nina Hollander, Broker
Charlotte, NC
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JoAnn Moore
Georgetown, DE
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Roy Kelley
Gaithersburg, MD
3,986,258
Usually sosme kind of title issue
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Richard Weeks
Dallas, TX
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Nina Hollander, Broker
Charlotte, NC
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Roy Kelley
Gaithersburg, MD
5,104,931
None of the above for me. In fact can't remember the last time I had a closing delay due to any one those. If I see a delay (and it's rare) it's because of a closing contingency on the buyers current home that was delayed so it delayed a closing for their new home.
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Roy Kelley
Gaithersburg, MD
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Richard Weeks
Dallas, TX
900,128
Usually, it's the bank. Love cash deals!
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
4,333,714
The banks...they keep adding paperwork instead of giving it all at once!
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
2,538,633
Good morning Roy. Home inspection issues are the biggest culprit that I am seeing.
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
4,319,419
Roy Kelley so far so good - touch wood!
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
3,345,091
None of the above, Roy.
These days, it is the escrow officer making unilateral changes to the settlement statement ... not following the CD sent by the lender.
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
1,683,912
Buyer financing setbacks
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Nina Hollander, Broker
Charlotte, NC
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Roy Kelley
Gaithersburg, MD
1,525,616
It is usually an undewriter being slow, so I guess that would be financing issues.
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Roy Kelley
Gaithersburg, MD
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Nina Hollander, Broker
Charlotte, NC
864,658
Lenders overpromising and not capable of delivering.
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Nina Hollander, Broker
Charlotte, NC
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Roy Kelley
Gaithersburg, MD
2,781,153
Sign your docs and get them in please in addition to your decent mentions
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Nina Hollander, Broker
Charlotte, NC
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Roy Kelley
Gaithersburg, MD
1,076,551
These days? Agents or escrow not doing what needs to be done for TRID compliance.
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Nina Hollander, Broker
Charlotte, NC
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Roy Kelley
Gaithersburg, MD
5,048,883
Final loan approval with underwriter review
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Nina Hollander, Broker
Charlotte, NC
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Roy Kelley
Gaithersburg, MD
5,216,381
Buyer non-disclosure
Low appraisals
over tenacious underwriters
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Roy Kelley
Gaithersburg, MD
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JoAnn Moore
Georgetown, DE
216,904
Lender missing something and needing "a little more" time...no excuse for them not finishing on time.
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Nina Hollander, Broker
Charlotte, NC
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Roy Kelley
Gaithersburg, MD
1,725,996
Underwriters demanding insane documentation
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Roy Kelley
Gaithersburg, MD
3,071,489
Failure (closing delays) are not an option, unless the Buyer wants their Earnest Money to become "permanently non-refundable"! If they close late - their EM is still their funds - but - they pay for any expenses resulting from the delay....
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Roy Kelley
Gaithersburg, MD
4,572,117
Glitches. It's always about the glitches.
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Roy Kelley
Gaithersburg, MD
4,882,355
I would have to say "Buyer financing setbacks"
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Roy Kelley
Gaithersburg, MD
3,416,038
In bank owned sales, it is the seller (the bank) signing the deed and hud. How they can not get that done is still beyond me. In resales most often it is teh buyers bank asking for last minute things they may have already asked for or should have asked for earlier.
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Roy Kelley
Gaithersburg, MD
1,239,801
763,883
Lenders not doing what they need to do in time.
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Roy Kelley
Gaithersburg, MD
152,661
An inability to find an insurance company that would cover a log cabin.
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Roy Kelley
Gaithersburg, MD
1,513,143
921,504
Today it is title issues.
Changes are stirring up irrelevant stuff that now must be resolved.
Example: an abandoned building permit to construct a shed that no longer exists. The contractor is required to close the permit. Think about that. You have to find. Then convince them they are not going to be required to pay, and pay, which of course is exactly what will happen, and everything grinds to a halt.
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Roy Kelley
Gaithersburg, MD
5,583,278
changes needing to be made with numbers....
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Roy Kelley
Gaithersburg, MD
1,052,196
6,393,154
617,935
Roy,
Out of state lenders who can’t get the docs here on time. With TRID it becomes almost comical if it weren’t so serious.
979,496
Roy - Great question. I just wrote a post about this very thing. For me, buyer financing issues have delayed transactions more than anything else. With home inspection issues, they are usually resolved prior to closing.