Thoughts from a seller who experienced a 6 day delay in funding.
Background: A seller listed his property and accepted an offer with a closing date in 7 days. On the 7th day the lender stated they wired the funds. This happened the Friday before the Memorial Day weekend. On Tuesday after the long weekend, the wire for over $600,000 was tracked at the title company and it did not arrive. Wednesday the lender said he had to pull the wire back because he didn’t know how to work through his warehouse. Wednesday evening lender provided the Fed Ref number. Thursday morning the wire STILL wasn’t available. Eventually the wire(s) were located and the property funded…..but it was 6 days past the original closing date.
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I am an active Realtor specializing in the Douglas County /El Paso County areas. I have experience listing and selling residential properties throughout Douglas County including: Castle Rock, Parker, Highlands Ranch, Franktown, Sedalia, and Larkspur. I am currently expanding my business to; Black Forest, Monument, Colorado Springs, Peyton, Falcon, Woodland Park, Divide and Cripple Creek.