Tucson By Choice!

Challenges Come in Many Forms: Closing a Loan in Central America

The Keel-billed Toucan is Belize's national bird"It's always something," as Grandma used to say.  We're refinancing a home for clients, and the new appraisal process has been a nightmare for all concerned.  We got past that, however, and we're getting ready to draw docs for closing.

Things have taken weeks longer than expected with the new federally mandated blind appraisal process, and as of yesterday, my clients are on vacation in Belize, something they scheduled a year ago.

Never heard of Belize?  It used to be British Honduras.  I know, that probably doesn't help a lot either.  The little country is situated on the southeast side of the Yucatan peninsula, with Mexico to the north, Guatamala to the west, and the beautiful Carribean Ocean on it's coast.

So I'm figuring where we'll send docs for signing, as the lock expires at the end of next week.  I'll let you know how it works out.  Thank God for email and FedEx!

 ___________________

I'm Mike in Tucson, your preferred Tucson, AZ Mortgage lender.
Mike Jones (Tucson Mortgage Company, LLC): Loan Officer in Tucson, Pima County, Arizona
Call me
if I can help you with a purchase or refi mortgage;
(520) 349-9090

Photo courtesy Wikipedia

15 commentsMike Jones • June 12 2009 06:22AM