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:

  • Lender does not properly pre-qualify borrower. 2 weeks*

  • Lender decides last minute they don't like borrower. 2 weeks*

  • Lender decides last minute they don't like property. 2 weeks*

  • Lender wants property repaired or cleaned prior to close. 1 to 3 weeks

  • Drawing Fees: Deed, Private Notes & Deeds of Trust

  • Lenders Fees: May include loan origination fee, appraisal fee, credit report, tax service fee, prepaid interest, processing fee, document prep fee

  • Lender raises rates, points, or costs. 2 weeks*

  • Borrower does not qualify because of a late addition of information. 2 weeks*

  • Lender requires, last minute, a re-appraisal. 2 weeks

  • The borrower does not like the fine print in the loan documents. 3 days*

  • Lender loses file. 1 to 3 weeks

  • 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:

  • Won't return phone calls. 1 to 3 weeks

  • Transfers to another office. 1 week

  • Did not verify the client's sincerity. 2 weeks*

  • Goes on vacation and leaves no one to handle file. 1 to 4 weeks

  • Does not understand or lacks experience in real estate. 1 week*

  • Poor people skills or poor relationship with their client. 1 to 3 weeks

  • Gets client upset over minor points. 1 to 3 weeks

  • Does not communicate with their client. 1 to 4 weeks

The Buyer:

  • Did not tell the truth on the loan application. 1 week*

  • Did not tell the truth to their agent. 1 week*

  • Submits incorrect tax returns to lender. 4 weeks*

  • Lacks motivation. 1 week*

  • Source of down payment changes. 1 week*

  • Family members do not like purchase. 1 week*

  • Is too picky regarding condition. 1 week*

  • Finds another property that is a better deal. 4 weeks*

  • They are "nibblers." (Always negotiating) 1 week*

  • The buyers bring an attorney into the picture. 2 weeks*

  • They do not execute paperwork in timely matter. 3 weeks*

  • They do not deliver money in a "check cleared" fashion to the closing agent. 1 to 2 weeks*

  • Job change, illness, divorce, or other financial setback. 3 weeks*

  • Comes up short on money. 1 week*

  • Does not obtain insurance in a timely manner. 1 to 4 weeks

Escrow Officer

  • Fails to notify agents of unsigned or unreturned documents so that the agents can cure the problems. 1 week*

  • Fails to obtain information from beneficiaries, lien holders, title companies, or lenders in a timely manner. 1 week*

  • Lets principles leave town without getting all necessary signatures. 1 to 2 weeks*

  • 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*

  • Too busy. 1 to 3 weeks

  • Loses paperwork. 1 to 3 weeks

  • Incorrectly prepares paperwork. 1 to 3 weeks

  • Does not pass on valuable information. 1 to 4 weeks

  • Does not coordinate well so that many items can be prepared simultaneously. 1 to 4 weeks

Seller

  • Loses motivation (i.e., job transfer did not go through, etc.) 1 week*

  • Illness, divorce, etc. 1 week*

  • Has hidden defects that are subsequently discovered. 1 week*

  • Unknown defects are discovered. 1 week*

  • Home inspection reveals small defects that the seller is unwilling to repair. 1 week*

  • Gets an attorney involved. 1 week*

  • Removes property from the premises that weeks the buyer believed was included. 1 to 3 weeks

  • Is unable to clear up problems or liens. 1 week*

  • Last minute liens are discovered. 1 to 3 weeks

  • Seller did not own 100% of property as previously disclosed. 1 week*

  • Seller thought the partners signatures were "no problem" but they were! 1 week*

  • Seller leaves town without giving anyone power of attorney. 1 to 3 week

  • The notary did not make a clear stamp when notarizing the seller's signatures. 3 days to 1 week

  • Seller delays the projected move-out date. 1 week*

Acts of God:

  • Earthquake, tornado, fire, slides, etc. 1 week*

Appraisal Problems:

  • The appraiser is not local and misunderstands the market. 1 to 3 weeks

  • No comparable sales available. 1 week*

  • Appraiser delays (too busy) 1 to 3 weeks

  • Incorrect appraisal. 1 to 3 weeks

  • Appraisal is too low. 1 week*

Inspection Company:

  • Too many issues called out. 1 day*

  • Scares buyer. 1 week*

  • Infuriates seller. 1 week*

  • Makes mistakes. 1 to 4 weeks

  • Delays report. 1 week*

Title Company:

  • Does not find liens or problems until last minute. 1 week*

  • Does not bend rules on small problems. 1 to 3 weeks

  • Poor service. 1 to 3 weeks

  • Loses paperwork. 1 to 2 weeks