gingersmom Posted June 24, 2013 Share Posted June 24, 2013 I have been driving cross country for days and arrived at my new house to discover that the real estate closing at my new house did not happen as planned today. The mortgage company cancelled and left some generic message with the buyers attorney. So at the moment my attorney and everyone else involved have no idea why the closing is being delayed. I'm trying not to freak out but I'm not succeeding. :crying: Please tell me your happy endings to real estate transactions that were delayed. Quote Link to comment Share on other sites More sharing options...
Caroline Posted June 24, 2013 Share Posted June 24, 2013 It happens all the time. Quote Link to comment Share on other sites More sharing options...
sbgrace Posted June 24, 2013 Share Posted June 24, 2013 It does happen. Our closing (for the house we sold) was very "floppy" I felt--and it was the real estate company causing the issues. Once they got all their stuff together, it went off just fine. Quote Link to comment Share on other sites More sharing options...
Forget-Me-Not Posted June 25, 2013 Share Posted June 25, 2013 Our last sale was hijacked for two weeks while the buyers of our previous home got their financing together--and in the meantime held up at least two other sales. It eventually worked out but it was so stressful! Try not to panic ((hugs)). Quote Link to comment Share on other sites More sharing options...
aggieamy Posted June 25, 2013 Share Posted June 25, 2013 How stressful! I am so sorry. I'm keeping my fingers crossed because we sold our house and it closes on Thursday. We aren't buying a house because our house sold so fast we didn't even have time to find one we liked so we're just renting until we do. At least that's one less stress. Quote Link to comment Share on other sites More sharing options...
Seasider Posted June 25, 2013 Share Posted June 25, 2013 There are about a billion different details that have to be put in place for a closing to actually take place. It is very common for a hiccup to cause one to be postponed. I hope you can get a clear story on what happened and what's being done to make things right. We closed on a property not too long ago and the closing agent commented on how flaky mortgage companies are these days, especially if there's anything other than a straight conventional loan with a sizable down payment. Please don't worry, but do make whatever calls necessary to make sure everyone knows that YOU are ready to close! Quote Link to comment Share on other sites More sharing options...
Melissa in Australia Posted June 25, 2013 Share Posted June 25, 2013 :grouphug: Quote Link to comment Share on other sites More sharing options...
gingersmom Posted June 25, 2013 Author Share Posted June 25, 2013 I"m feeling slightly better after a good long sleep (on an air mattress :001_smile: ) Its harder for me to deal with because I am 2000 miles away plus a 2 hour time difference. Hoping I get better news today. Quote Link to comment Share on other sites More sharing options...
Chelle in MO Posted June 25, 2013 Share Posted June 25, 2013 Your air mattress must've held air just fine! ;) My bil is a realtor and experiences these hangups all the time. I hope you get some answers soon! Quote Link to comment Share on other sites More sharing options...
marbel Posted June 25, 2013 Share Posted June 25, 2013 We sold a house in 2011, while living 3000 miles away. We had a couple of delays and even up to the last minute there were issues that needed to be resolved. I think on the day it did close, the papers were filed/recorded sometime between 4:30 and 5 pm. On a Friday. I remember needing a lot of reassurance from the realtor and the title company rep that it was well and truly DONE. It was very stressful! But pretty common, I'm told. Hope you have good news soon. Quote Link to comment Share on other sites More sharing options...
applethyme Posted June 25, 2013 Share Posted June 25, 2013 My sister had the same problem. It took two days for the mortgage company to get their stuff together. They were very stressful days. We were in a new state with 3 small children. Lucky for us the new next door neighbors were so helpful. Quote Link to comment Share on other sites More sharing options...
gingersmom Posted June 25, 2013 Author Share Posted June 25, 2013 Realtor just emailed me and said closing is rescheduled for tomorrow!!!!! :hurray: :hurray: :hurray: :hurray: I'm going to try to stay calm and send out positive vibes to everyone involved. :) Quote Link to comment Share on other sites More sharing options...
Halftime Hope Posted June 25, 2013 Share Posted June 25, 2013 By the time we had everything signed, sealed, and delivered on my mom's house that I sold for her, I thought I would pull my hair out. The real estate lawyer had to talk me off the ledge several times because the buyer was in clear, univequivocal breach of contract not once, but twice. The lawyer kept saying, "What's your end goal?", while my friend the real estate agent here in TX kept having a professional cow. And when it was al nearly concluded, it turns out we narrowly missed having to suspend the sale, as FL has a law about not selling or buying real estate within a 72 hour window before or after a hurricane makes landfall. We concluded the sale with 24 hours to spare. Whew! Very best of luck to you, and I wish you chew-proof fingernails. : ) Quote Link to comment Share on other sites More sharing options...
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