Tuesday, October 4, 2005

We Have Docs!

Yesterday, the escrow officer received docs from the lender! If all goes well (and based on how things have been going, that is a mighty big if), the loan should fund on Thursday or Friday.

One good thing is that we were able to get the buyer to agree to a $50 a day fee for each day they are past the scheduled close of escrow. I stole this idea from a comment Empty Spaces made on Hespy's Real Estate blog. The fee is retroactive to the day the Cure Notice period ended, so as of yesterday, it was at $650.

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