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Interesting way to close
One of the two couples that we sold homes to and have held a private mortgage for decided to re-finance through a regular bank in order to take advantage of the low interest rates. They started the process before the covid-19 crisis became evident. Their closing was scheduled for yesterday but I speculated that it may be delayed or postponed because many of the bank people have been working from home. But it all worked out. The bank's closing attorney drove to their house, handed them the paperwork at their door and then sat in his car in the driveway while they communicated instructions, etc. using Facetime on their iPhones. Once everything was signed, they delivered the paperwork to the attorney in the car and it was complete. Works out great for them and for us. They were able to get a lower rate and even consolidate some other bills. For us, it means I don't have to worry about kicking the bucket before it was paid off. :-) -- This email has been checked for viruses by AVG. https://www.avg.com |
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