My New Blog

We ran into an interesting issue this past week in trying to get a sale of a foreclosed property through the closing process.  One of our agents was representing the buyer in this transaction.

An inspection was done by the buyers, for their own information, shortly after contract acceptance.  There were some issues, mostly minor, found that needed to be resolved prior to closing.  The selling bank says, "No Repairs can be performed prior to closing!"

The buyer's bank says, "The issues have to be performed prior to closing, or we won't loan any money on the property, and you can't escrow the money to pay for it later. The work has to be done now!"

Interesting senerio....Right!  One advantage to our office is having the Mortgage Company and the Title Company in house, so we can find the people we need to talk to, when we need to talk to them!  And not tomorrow!  The buyers wanted an answer today!

I can't get into details as to what we did to get the file moved forward, but we did.  So, if you are a prospective buyer or seller, just know we have a step-up on alot of Realtors® in the area, and are able to get things done that most of them can't.

AND, if you are a Realtor® looking for a new home, remember we pay higher than normal commissions and charge no office fees.

So, either way, give us a call today at 804-717-LIFE (5433).