The closing proved to be as much of a nightmare as the rest of the transaction. My clients were on time and had finished reviewing and signing all their documents within thirty five minutes.

We proceeded to sit at the closing table for another 5 hours. The Sellers and their attorney were thoroughly unprepared for closing. There were judgments and tax liens without up to date payoff information. Then the Sellers’ attorney miscalculated his proceeds and claimed he was short monies to close.

It closed; that’s all I can say.

The Buyer has been approved and ready to close since October 7th. At this moment we await the Seller. Mind you, when the contract was received, the Seller’s attorney made it clear this loan had to close by October 13th.

Apparently they are waiting for an updated payoff letter from their bank (they are in foreclosure).