Closing of Day-Myers and Brennan-Day transactions
I wanted to take a couple of moments and thank you for going to extraordinary lengths to put and hold together both of these related, and incredibly complex transactions. In almost 20 years of mortgage lending, these 2 related transactions have been the most challenging that I have ever been involved in and I would hasten to say probably the most challenging of any transactions that have occurred in this area since I have been in the mortgage business!
As we have seen in real estate over the last number of years, it is rare that there is a sale that goes completely smooth from start to finish. There always seems to be a “glitch” or two. And I would say most ordinary agents would be able to address them. But in recapping these transactions as they come to a close today there were a multitude of issues that could easily have caused one of the parties to walk away and derail both purchases. But to your credit and the extraordinary efforts you put forth, everyone stayed the course and now 2 buyers and 2 sellers are tickled pink to be moving in to their own homes and to have sold their homes.
Just as a quick recap, the issues we ran into were:
- Several inspection issues
- Title issues
- FHA Property Issues
- Labor & Industries Property issues
- Appraisal property issues
- Appraisal value issues
- Flipping issues
- Permitting issues
- Title elimination issues
- Down payment assistance issues
- Mortgage Credit Certificate issues
- Water service issues
- Safety issues
- Hard money lender issues
- Personality issues
- Multiple closing delay issues
- Financial issues
- Insurance issues and
- Deed for Contract issues including out of state/out of country contract holders
Your ability to communicate well with other real estate agents, as well as the myriad of others who are involved in a real estate transaction was impressive. During the times that frustration set in and the parties to the transaction felt it in their best interest to walk away, you were there assuring them that it was in fact in their best interest to stay the course. And when the multiple extensions, that were a combination of the above stated issues, started to cause financial stress for the domino sale, you were able to stand strong on behalf of your clients to keep them from having to pay any additional funds or to contribute anything more than was originally agreed upon in the initial purchase agreement. In other words, you employed the best strategy possible for the benefit of your clients. I truly believe that if not for your expertise, persistence and calm assuring attitude, that both of these transactions would very likely fallen apart at the seams.
I look forward to our next transaction together.
NMLSR ID 568766
Wells Fargo Home Mortgage | 2215 N 30th Street | Tacoma, WA 98403
Tel (253) 274-4899 | Cell 253-307-4984