Is it common to buy a home go FHA and take over 6 months to close on a house? Right BIBI

Not only was the buyer upset but the homeowners were furious. And the day of the closing the agent who sold the house to the clients didn't attend the closing. Nor attended the final walk thru prior to the closing.
This is the Brokers fault, and agents fault. But Laziness is a disease. Professionalism will never take shape for the broker, his/her office or the agents involved. These are people who earned literally peanuts for being in the business. And they deserve to make peanuts to. Hope many learn from this.
Maybe it is only the areas in Question.
Jamaica, richmond hill,etc.
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answer by Lesley Burger    |   Visit My Website   |   Contact Me
Typically a FHA home sale should take the same amount of time as a conventional sale. My guess is that there was a problem with the title that had to be cured before closing which held everything up. It sounds as though there was a breakdown in communication between the buyers, agents, sellers, and attorneys. I know of agents who have had very long closings, but everyone knew what was taking so long and why, and agreed to keep waiting. The final walk-through only needs to be attended by the buyer and their agent. The seller's agent should try to be there in the event of a discrepancy. As far at attendance at closing - it varies with the region and the buyer/seller involved. I rarely attend closings, but ask my clients ahead of time if they would like me there and follow their wishes.
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answer by Lesley Burger    |   Visit My Website   |   Contact Me
Six months to close is a LONG time! I'm going to bet that there was a problem with the title that had to be cured before closing could happen. This sounds like an attorney paperwork issue and not an FHA banking issue. Good luck!
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