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Reply to "Share your closing tips/tricks/horror stories"
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[quote=Anonymous]We sold some land to a local builder who, the day before closing which happened to also be the last day of the calendar year, said that their financing had fell through but they could still settle except they could only pay x.xx for the land which was about 25% less than the agreed upon price. We were already taking a loss on the sale and wanted the sale to go through in that particular year to offset an earlier gain, which the builder didn't know but perhaps guessed that we had a strong desire to settle before the year was up. Our RE agent went nuts and somehow with the help of the office broker got the Ahole builder to settle on time at the agreed upon price. I saw one of his signs for some new homes being built the other day and couldn't help but wonder if he is still pulling that crap when he buys land.[/quote]
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