ESCROW PROBLEM
escrow problem
过户中请避免可能遇到的延误
The ones with asterisks (*) are potential sale-killers.
Lender Problems:
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Lender does not properly pre-qualify borrower. 2 weeks*
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Lender decides last minute they don't like borrower. 2 weeks*
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Lender decides last minute they don't like property. 2 weeks*
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Lender wants property repaired or cleaned prior to close. 1 to 3 weeks
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Drawing Fees: Deed, Private Notes & Deeds of Trust
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Lenders Fees: May include loan origination fee, appraisal fee, credit report, tax service fee, prepaid interest, processing fee, document prep fee
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Lender raises rates, points, or costs. 2 weeks*
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Borrower does not qualify because of a late addition of information. 2 weeks*
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Lender requires, last minute, a re-appraisal. 2 weeks
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The borrower does not like the fine print in the loan documents. 3 days*
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Lender loses file. 1 to 3 weeks
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The lender does not simultaneously ask for information from the buyer, they ask for information in bits and pieces. 1 to 4 weeks
Buyer's Agent:
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Won't return phone calls. 1 to 3 weeks
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Transfers to another office. 1 week
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Did not verify the client's sincerity. 2 weeks*
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Goes on vacation and leaves no one to handle file. 1 to 4 weeks
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Does not understand or lacks experience in real estate. 1 week*
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Poor people skills or poor relationship with their client. 1 to 3 weeks
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Gets client upset over minor points. 1 to 3 weeks
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Does not communicate with their client. 1 to 4 weeks
The Buyer:
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Did not tell the truth on the loan application. 1 week*
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Did not tell the truth to their agent. 1 week*
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Submits incorrect tax returns to lender. 4 weeks*
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Lacks motivation. 1 week*
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Source of down payment changes. 1 week*
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Family members do not like purchase. 1 week*
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Is too picky regarding condition. 1 week*
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Finds another property that is a better deal. 4 weeks*
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They are "nibblers." (Always negotiating) 1 week*
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The buyers bring an attorney into the picture. 2 weeks*
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They do not execute paperwork in timely matter. 3 weeks*
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They do not deliver money in a "check cleared" fashion to the closing agent. 1 to 2 weeks*
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Job change, illness, divorce, or other financial setback. 3 weeks*
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Comes up short on money. 1 week*
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Does not obtain insurance in a timely manner. 1 to 4 weeks
Escrow Officer
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Fails to notify agents of unsigned or unreturned documents so that the agents can cure the problems. 1 week*
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Fails to obtain information from beneficiaries, lien holders, title companies, or lenders in a timely manner. 1 week*
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Lets principles leave town without getting all necessary signatures. 1 to 2 weeks*
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Incorrect at interpreting or assuming aspects of the transaction and then passing these items on to related parties such as lenders, attorneys, buyers, and sellers. 1 week*
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Too busy. 1 to 3 weeks
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Loses paperwork. 1 to 3 weeks
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Incorrectly prepares paperwork. 1 to 3 weeks
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Does not pass on valuable information. 1 to 4 weeks
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Does not coordinate well so that many items can be prepared simultaneously. 1 to 4 weeks
Seller
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Loses motivation (i.e., job transfer did not go through, etc.) 1 week*
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Illness, divorce, etc. 1 week*
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Has hidden defects that are subsequently discovered. 1 week*
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Unknown defects are discovered. 1 week*
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Home inspection reveals small defects that the seller is unwilling to repair. 1 week*
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Gets an attorney involved. 1 week*
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Removes property from the premises that weeks the buyer believed was included. 1 to 3 weeks
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Is unable to clear up problems or liens. 1 week*
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Last minute liens are discovered. 1 to 3 weeks
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Seller did not own 100% of property as previously disclosed. 1 week*
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Seller thought the partners signatures were "no problem" but they were! 1 week*
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Seller leaves town without giving anyone power of attorney. 1 to 3 week
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The notary did not make a clear stamp when notarizing the seller's signatures. 3 days to 1 week
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Seller delays the projected move-out date. 1 week*
Acts of God:
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Earthquake, tornado, fire, slides, etc. 1 week*
Appraisal Problems:
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The appraiser is not local and misunderstands the market. 1 to 3 weeks
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No comparable sales available. 1 week*
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Appraiser delays (too busy) 1 to 3 weeks
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Incorrect appraisal. 1 to 3 weeks
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Appraisal is too low. 1 week*
Inspection Company:
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Too many issues called out. 1 day*
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Scares buyer. 1 week*
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Infuriates seller. 1 week*
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Makes mistakes. 1 to 4 weeks
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Delays report. 1 week*
Title Company:
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Does not find liens or problems until last minute. 1 week*
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Does not bend rules on small problems. 1 to 3 weeks
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Poor service. 1 to 3 weeks
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Loses paperwork. 1 to 2 weeks