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Roy Kelley (Retired)

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Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

My baggiest reason for delay: loan is not ready, so we sit and wait patiently. 

Jan 21, 2016 05:28 AM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

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.

Jan 21, 2016 04:00 AM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Usually sosme kind of title issue

Jan 21, 2016 07:23 AM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

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.

Jan 21, 2016 09:24 PM
Rainmaker
900,128
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Usually, it's the bank. Love cash deals!

Jan 21, 2016 07:59 PM
Rainmaker
4,333,714
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

The banks...they keep adding paperwork instead of giving it all at once!

Jan 21, 2016 05:39 PM
Rainmaker
2,538,633
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Roy. Home inspection issues are the biggest culprit that I am seeing.

Jan 21, 2016 05:34 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Roy Kelley so far so good - touch wood!

Jan 21, 2016 01:11 PM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

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.

Jan 21, 2016 11:01 AM
Rainmaker
1,683,912
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Buyer financing setbacks

Jan 21, 2016 10:27 AM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

It is usually an undewriter being slow, so I guess that would be financing issues.

Jan 21, 2016 10:16 AM
Rainmaker
864,658
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Lenders overpromising and not capable of delivering.

Jan 21, 2016 09:54 AM
Rainmaker
2,781,153
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Sign your docs and get them in please in addition to your decent mentions

Jan 21, 2016 06:51 AM
Ambassador
1,076,551
John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

These days?  Agents or escrow not doing what needs to be done for TRID compliance.  

Jan 21, 2016 05:59 AM
Ambassador
5,048,883
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Final loan approval with underwriter review

Jan 21, 2016 05:25 AM
Rainmaker
5,216,381
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Buyer non-disclosure

Low appraisals

over tenacious underwriters

Jan 21, 2016 04:36 AM
Rainer
216,904
Sharon Altier
Coldwell Banker Realty - Elmhurst, IL
Luxury Property Specialist, CSC, SFR

Lender missing something and needing "a little more" time...no excuse for them not finishing on time. 

Jan 21, 2016 04:05 AM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Underwriters demanding insane documentation

Jan 21, 2016 10:01 PM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

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....

Jan 21, 2016 09:39 PM
Rainmaker
4,572,117
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Glitches.   It's always about the glitches.  

Jan 21, 2016 09:33 PM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

I would have to say "Buyer financing setbacks"

Jan 21, 2016 09:29 PM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

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.

Jan 21, 2016 09:04 PM
Rainmaker
1,239,801
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

loans funding.

Jan 21, 2016 12:59 PM
Rainmaker
763,883
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Lenders not doing what they need to do in time.

Jan 21, 2016 06:33 AM
Rainmaker
152,661
Chrissi Chapman Topoleski
Coldwell Banker Realty - Woodbridge, VA
Helping agents live an exceptional life!

An inability to find an insurance company that would cover a log cabin.

Jan 21, 2016 05:44 AM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

Improper paperwork

Jan 21, 2016 05:40 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

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.

Jan 21, 2016 05:10 AM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

changes needing to be made with numbers....

Jan 21, 2016 04:42 AM
Rainmaker
1,052,196
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Overwhelmed title co.

Jan 21, 2016 04:06 AM
Ambassador
6,393,154
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Buyer financing setbacks

Apr 14, 2019 10:47 PM
Rainmaker
617,935
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

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.

Jan 25, 2016 05:43 AM
Rainmaker
979,496
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

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. 

Jan 23, 2016 09:38 AM