. . . & Written Statements via Text Message
I’ve never had a client buy or sell a home using the back of an envelope (though they could).
But, my client just sold a home where the Buyer’s Written Statement — signifying final underwriting approval — was delivered at 5 p.m. on a Friday, before the noon, Monday closing.
Via text message (the lender was out of the office).
I got a screen shot of the message, printed it out, and put it in the file.
Done!
The deal closed smoothly and on schedule yesterday.
P.S.: Normally, the Written Statement is delivered on lender letterhead, well before the closing.
See also, “Do a Real Estate Deal on the Back of a Napkin? You Could“; “You Mean, There’s No Deal AND They Get Their Earnest Money Back?!?”; and “The Second Most Important Date in a Home Sale.“
