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How To Solve Missing Title Issues

I sold a house for a friend of mine, a lender I worked with for a number of years. You wouldn’t expect this from a lender, but this is the issue that came up at closing.

 

The sale was a snap. We went over the market numbers, knew where we had to price the property for a quick sale, and the relocation service approved the sale price. Some times it is great working with relocation services. I have great luck working with them on the Listing side, but cannot figure out why they are such a pain to deal with when I am bringing in the Buyers.

 

Listed the property on Monday. By the following Monday we had 5 offers to choose from. The Seller did not overlook a detail when he prepared for showings. All the offers were within a few thousand, so the Seller picked the cleanest offer, with the Buyer who looked like a slam dunk on the financing end. A hint to Agents. You never know when a professional looking offer will make a difference.

 

It turned out to be the right choice on the Buyers. Everything came together without a hitch. Thank you LORD for the one easy deal of the year. As a matter of fact we were sitting in the office during the closing, praising the LORD when something came up. The Title showed the old lender. The Seller refinanced 6 months prior to taking a new job and the county takes forever to update. No problem. The Seller was a licensed Lender. He asked to use a PC, got on the Internet, went into the county records, located the electronic file showing the transfer had been submitted, printed it and we were on our way to close.

 

This is a problem that shows up every one in a while. It is nice to know how to handle it.

Sale to sold quick

Title issues on sold property

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