This home was supposed to close escrow on Thursday, September 6th. But then surprise, we had a hurricane so the shutters were closed up on Wednesday and we rode out the storm. By Friday afternoon the storm finally passed and the home was checked out by the buyers and their Realtor. All was well so they would be able to close on Monday, September 10th instead. We had what they call a dry closing. That is where the seller and the buyer each sign their closing documents and the deal is done. Except for one thing, September 10th in a federal holiday. It is Columbus Day in the USA. That meant that the banks are closed so they could not fund the mortgage. Typically that is not a problem. It is written into the contract that it will close the next business day. So here we are, Tuesday morning and the bank has decided that they will not fund the mortgage until they have the home inspected to be sure there was no storm damage. Eventually the bank will fund as there is no damage to the home. But at this point, I have no idea how many days it will take to get an inspector out to the property. :-(
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