Hard Economic Times
May 12th, 2009
I had a closing next week for a great deal on a property in Ballard. Inspection went great; appraisal came back spectacular, and two weeks have gone by since. So we are in that coasting period were you are doing little things like going to home depot to price out what you want to do with your new house. You know always in the 11th hour something will pop up, and it usual has to do with the lender needing more docs do to a sudden rule change, right? But no, this time the 11th hour problem was much much worse. My client (the Buyer) got laid off from his job. Thank God for Financing Addendums, because my client needs that earnest money now far more than the seller did. When they talk about the 88 things that go wrong in the Real Estate Transaction, Welcome to Rule Number 4.
