patrick.net

Ironman says

What percentage of deals are you seeing blow up that don't make it to closing because of finance issues, inspections issues, legal issues, etc.?

What percentage of deals blow up when you get into the nitty gritty of the buyers personal finances and they have issues that they can't fix and end up not closing?

I don't see or hear much of that anymore. In some cases you issues with the 4506-T process on a loan, but for the most part outside a lower appraisal or Condo project not being approved I believe 95% goes through.

In a bout a month we will see if TRID impacts any deal from closing on time but that is more paperwork oriented then actual capacity, even though some lenders due have a clause to cancel the loan at closing and forced to start over again, I don't see that happening much.

Logan,
This is Patnet!
You need to cherry pick one small community that backs up your point & that will disprove all other arguments,$#!*&+?%>{~&.
ROFLMAO