I would not use strong words such as ""bad"" or ""lazy people"" here, the words I would use are: lack of planning or prioritizing. I got plenty of frustration and was on the phone or online almost 3 whole days to get it closed on time. I was lucky because it was only one day delay after the endless calls and numerous emails I sent out. In order to get it done, I even sent email to their owner, but never received any response. \r
I recently closed a bank owned condon. Title company postponed the closing date by 10 days from the bank proposed date. We do not live in Florida, but planed to fly to there for closing. We never received the closing cost, so I started to call a few days prior to the date. then I was given a message by the realtor to close the very next day in our town, not in florida. It was unexpected, so we decided still to go by the original plan. I continued to call to make sure the date would not be delayed. thursday, the processor was not in office, a message was taken for him. The next day I was on the phone almost all day trying to call the processor, closer, manager, owner, but still did not get the confirmation. We flew to FL that weekend, waited to Monday, the closing day. I started calling early morning, I was on the pnone another whole day. I was told it was not ready and why we flew to FL. The offer to close in our town was forgotten. After the hundreds calls to different places, finally I was aware the condo assiciation had sent the paper to clear it up to Sept. almost 3 weeks ago, but it was not closed, now it entered Oct., so title company needed another document for clearance of Oct. and it had to have the original signature from the HOA president. Who the hell knows how often he goes to his office! Long story short, finally we were sitting in HOA's office, confirmed we got the signature, HOA talked to title company, the next day at 0845 before the FeDex overnight delivery's arrival at 1030, we were told it was ready for closing that afternoon. The tips are: get involved at least one week prior to the closing date; do not only rely on your reator, pushing it yourself; if the property has HOA and it is a bank owned, try to close it by the end of month, do not go to next month. Good luck.
Pros: can't think of any
Cons: you'd be the judge
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