In cases where the failure to close the transaction was due to the buyer being unable to secure financing because their bank/financial institution refused to fund, this proved a lot trickier for those transactions.
Have you ever listed a house for a client, only to find out that there are liens registered against the property that will hinder the closing? There may be a way to deal with a client's debts, and still complete the sale.
Banks often steer clear of financing rural properties because things like septic tanks and adjacent farms are issues they don’t understand. “It is stuff the banks could do (learn) but the market isn’t large enough,” says Matthew Robinson.
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