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Rainmaker
3,070,984
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Doesn't happen.  We see closing documents in advance of closing...

Feb 28, 2017 03:53 AM
Ambassador
2,078,028
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Luckily, this has not happened yet. If it was a really big problem, the closing might need to be delayed or canceled.

Feb 28, 2017 02:54 AM
Rainmaker
5,580,884
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I can honestly say, it's never happened.... and it will NOT happen with any of my team members... trust me on that one!!

Feb 28, 2017 04:50 AM
Rainmaker
981,274
Peter Mohylsky
PMI. Destin - Miramar Beach, FL

That does not happen especially with several sets of eyes the paperwork prior to actually closing day.

Feb 27, 2017 11:13 PM
Rainmaker
2,155,202
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I have not experience that.

Feb 28, 2017 05:32 AM
Rainmaker
1,157,535
FN LN
Toronto, ON

Legal counsel handles closings in our jurisdiction.

Feb 28, 2017 05:32 AM
Rainmaker
4,799,732
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I have not had this happen.

Feb 28, 2017 05:31 AM
Rainmaker
915,898
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Delighted that I found it before anyone else.

Livid that of the 25 sets of eyes that looked at this, I was the only one to spot the error.

Grieved that the buyer and seller is about to endure a season of aggravating dodging and weaving as the underwrites ignore the problem they created. 

All of these FEELINGS at exactly the same moment, but showing none of them.

Then the professional just gets it done.

Feb 28, 2017 05:31 AM
Rainmaker
3,384,790
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Which is why TRID has them now furnishing this 3 days before closing to review. I always would ask for a HUD/ALTA ahead to review even before to eliminate such issues

Feb 28, 2017 05:23 AM
Rainmaker
709,127
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

I feel like AAAAAAAAARRRRRRRGGGGGGGGGHHHHHHH!!!!!!!

 OK, I am allright.

 

Feb 28, 2017 05:18 AM
Rainmaker
1,027,535
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

I always review a preliminary settlement statement with my clients so the odds of a mistake being made at closing are slim to none. 

Feb 28, 2017 04:48 AM
Ambassador
1,616,454
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

fix the error and close it

Feb 28, 2017 04:30 AM
Rainmaker
4,492,665
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I have no idea... that has never happened to me. And it won't.

Feb 28, 2017 04:25 AM
Rainmaker
4,433,809
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I hope they will correct the mistake right away.

Feb 28, 2017 03:49 AM
Rainmaker
612,606
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

If that happened, I would feel stupid that I did not pick that up before the closing.

However there are title companies that do shoddy work and don't bother to share the paperwork unless you are the listing office who gave them the business.  Title companies also don't read the contract.

I have realized mistakes at closing...mainly charging my client for sellers cost.  So what do I do?  I throw a hissy fit until they correct it.

My best advice is to take some classes on title work and closing statements so that you know what you are looking at... and have an attorney review all the closing documents.

Eve

Ps:  who cares how I feel? More importantly, what are you going to do about it.

Feb 28, 2017 03:21 AM
Rainmaker
2,054,799
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Not good

Feb 28, 2017 03:13 AM
Rainmaker
1,358,111
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

The delay in closing frustrates all parties; the lender is under pressure to correct it...it happens infrequently, we deal with it when it does.

Feb 28, 2017 03:09 AM
Rainmaker
538,544
Dave Halpern
Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Lawyers have been known to covey the wrong property based on the legal description.

 

Nov 25, 2017 12:56 PM
Ambassador
5,754,403
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

A bit of panic, then get solving the problem quickly

Mar 05, 2017 11:50 PM
Rainmaker
707,726
Sharon & Bruce Walter
Keller Williams Realty Lafayette, IN - Lafayette, IN
West Lafayette homes for sale

See answer to your previous question.

Mar 04, 2017 04:49 PM
Rainmaker
5,326,003
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Never had that happen.

Mar 01, 2017 11:29 AM
Rainer
258,949
Mick Michaud
Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107 - Granbury, TX
Your Texas Lifestyle is Here!

Minor things on a rare occasion.  Nothing major.  If that were to happen then that means at least 5 people missed the same mistake.  Seller, seller's agent, buyer, buyer's agent, title company closing agent.  Not to mention all the admins and any attourneys that may be involved.

 

Mar 01, 2017 09:06 AM
Rainmaker
1,430,521
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Doesn't happen.  I check the escrow documents before they go to the buyer's agent and I check them before my client gets them.

Feb 28, 2017 02:09 PM
Rainmaker
808,903
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

We review paperwork and settlement statements prior to closing.  Now with TRID buyers review closing disclosure prior to signing as well. 

Feb 28, 2017 12:53 PM
Ambassador
2,608,648
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 Never happened in 30+ years and scores of transactions.  Pre-TRID, post-TRID, makes no difference.

Feb 28, 2017 11:15 AM
Rainmaker
1,466,027
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

abby tiscareno The only big mistake might be on the closing statement. This is why you review it prior to the closing to insure there are no mistakes.

Feb 28, 2017 11:00 AM
Rainmaker
4,335,993
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Never Happen,  do your homework ahead of time

 

Feb 28, 2017 09:53 AM
Rainmaker
3,986,000
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Depends on who made it

Feb 28, 2017 09:25 AM
Ambassador
3,403,019
Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

I have never had that happen as we're on top of the situation from day one - and stay there.

Feb 28, 2017 08:18 AM
Ambassador
3,158,640
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I have no idea. It has never happened in 14+ years. 

Feb 28, 2017 08:00 AM
Rainmaker
2,691,488
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

It means there is still some work to do....

Feb 28, 2017 07:48 AM
Rainmaker
5,767,466
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Abby,

It has not happened to us ever.  Ron can spot a pixel out of wack from across a crowded room.  A

Feb 28, 2017 07:25 AM
Rainmaker
864,358
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Get it rectified immediately before the buyers sign on the document. 

Feb 28, 2017 07:10 AM
Rainer
352,876
Teri Pacitto
Compass - Westlake Village, CA
Real Estate, Your Style...Your Home...My Specialty

We review all paperwork very, very carefully way before closing so fortunately it has never happened on my watch.  If it does, it's called sloppy work and the agents need to have more eyes on what they are doing by someone in charge.  That should not happen. 

Feb 28, 2017 06:59 AM
Rainmaker
7,038,403
Roy Kelley
Retired - Gaithersburg, MD

Make the needed corrections.

Feb 28, 2017 06:55 AM
Rainer
74,407
Michael Scruggs
UTR Texas-Realtors - Houston, TX
ABR, CNE, TAHS

I haven't had this experience at a closing.

Feb 28, 2017 06:04 AM
Rainmaker
1,708,245
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Doesn't happen, if you understood the closing process and TRID guidelines you would know.

Feb 28, 2017 05:47 AM
Rainmaker
444,070
Dianne Goode
Raleigh Cary Realty - Raleigh, NC
Realtor/Broker

Big mistakes are rare; small mistakes can happen.  They usually cost someone money.   Years ago I paid $400 for a home warranty that I had forgotten to order for my my buyers and get on the HUD for the seller to pay..  It never happened again.

Feb 28, 2017 05:47 AM