Where was Realtor Harb? George and I were in the French and Italian Riviera and finished our vacation at the Hotel de Russie in Rome. We arrived at the hotel prior to Bruce Springsteen checking out and the paparazzi was in full force.  



Now the real estate wrap up:

I know whenever I leave town, that Natalie will do a wonderful job and thanks to her, Cordova is back in escrow.

Orange Grove: It appears that the buyer has submitted every last piece of paper to the lender and we are now waiting for loan documents (the buyer’s contract with the bank).

Short Sale:  We were short $2400, which had to be made up by the buyer.  A reminder to buyers looking at short sales, the asking price has not been approved by the bank. It appears that the short sale drama has been resolved, every last shred of the buyer’s paperwork has been scrutinized and we are now waiting for loan documents.

And now a plea to real estate lenders: I understand that a loan applicant is asking for a large amount of money, I too would want proper documentation before granting the loan request.  But when people move there are numerous details, packing, moving vans, and mail and utility transfers.  Hopefully bankers will remember that these are real people with real lives and problems involved in these very stressful transactions; closing dates can’t be easily changed. 

We need to work together to determine how the Realtor, buyer, seller and lender can accurately pin point a closing date.  Even if this results in waiting until after the buyer has signed their loan documents an accurate date for the buyer and seller to move is critical.