Whose responsibility is it to tell the LENDER that closing is postponed UNTIL the payoff for the second mortgage is received. The seller agent , the buyer's agent OR title company? No one called ME.

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Arlene Fisher Blaker, Arlene Blaker Doing business the RIGHT way (FitzGerald Financial Group )

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Rainmaker
7,301,464

Roy Kelley

Retired - Gaithersburg, MD

The person who determines the need should communicate it to the other parties.

Jun 06, 2015 03:52 AM

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Frank Rubi

Metairie, LA

Rainmaker
699,177

Chris and Dick Dovorany

Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL

Broker/Associate at Premiere Plus Realty

The title company. It's not the agents business. The agent is there to bring a customer to the table. At that point the next professional takes over.

Jun 06, 2015 12:47 AM

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Frank Rubi

Metairie, LA

Rainmaker
3,071,039

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Haven Express @ Keller Williams Arizona Realty

Title

Mar 24, 2018 05:25 AM

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Rainmaker
4,528,804

Richard Weeks

Dallas, TX

REALTOR®, Broker

I have always worked with the idea that nobody will do their job except me, so therefore it would have been my responsibility.

Jun 06, 2015 11:59 PM

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Frank Rubi

Frank Rubi Real Estate, LLC - Metairie, LA

FrankRubiRealEstate.com

In this case its the Title company they would have that information. Now come Aug who knows?

Jun 06, 2015 05:10 AM

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Rainmaker
4,799,925

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

I would have thought the title company would have coordinated the lenders payment to the payoff for the second mortgage at the closing.

Jun 06, 2015 04:38 AM

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The person who determines the need should communicate it to the other parties.
The title company. It's not the agents business. The agent is there to bring a customer to the table. At that point the next professional takes over.
I have always worked with the idea that nobody will do their job except me, so therefore it would have been my responsibility.
In this case its the Title company they would have that information. Now come Aug who knows?
I would have thought the title company would have coordinated the lenders payment to the payoff for the second mortgage at the closing.