Did I really just say "This week it all comes together"? Perhaps I got ahead of myself. It turns out that perhaps we were ready to close our sale this week, but not everyone else was... I was talking to my loan agent at 11:15am this morning about funding our loan today so that it closed tomorrow, and he needed to receive everything back by around noon for that to happen. And when I talked to our escrow person, she told me that a bunch of things were missing that essentially meant that there was no way it could close today. We still needed proof that the secondary mortgage holders (for the seller) had agreed to get "nothing" from the sale. The primary bank had approved the sale and had already negotiated that with the secondary mortgage holders, but had not provided any documentation of that to escrow. And nobody thought to tell me, which was surprising since I was going to be hopping on a plane soon.
A small temporary delay in our plans... I'll still be flying to Eugene tomorrow...
Dear Rob,
This is cool!
Plus, you might get a book out of it...
Pax, Alan
Posted by: Alan Archibald | 07/30/2009 at 12:47 PM