“What Do You Do When There is No Closing and You Are at the Closing Table”
Thank God this didn’t happen to me. I know an agent who seller went to the closing table and their client signed everything. Well the buyers didn’t bother to sign because the husband lost his job but didn’t think it was a big deal.The question is did the buyer’s agent know about this incident. (That’s why it is so important to have good communication with the lender). If the buyer’s agent didn’t know from their client the lender could have updated the agent.
Now the listing agent is faced with telling her client they can’t close do to no fault of their. The only thing I could tell her was to look on the bright side of things. The listing was only on the market for 7 days before it went under contract. So they only used 37 days so far instead of 60 days of lost marketing. It may be nothing but I’m a firm believer that there is always bright side to everything.
What do you think?