Re: Wraparounds and Simultaneous Closings - Posted by John Katitus
Posted by John Katitus on May 22, 1999 at 02:11:31:
Jan, in your frustration you are gaining experience. First lesson is that you know more at this point about what you are doing than the closing agent. Scary, isn’t it?
The solution is to simply call title companies until you find a closing agent that understands. You might want to ask for their most experienced person in the beginning and save working through the entire office. And there is no reason you can’t tell the title company the reasons you want to do a simultaneous closing, although it won’t do much good if they don’t know what a simultaneous closing is anyway. It is best to just pass until you find one that does. You don’t want to put yourself into the position of teaching title companies how to do business.
The information and techniques you have been given are reliable. You should be confident in that. It IS the way this business is done. Don’t be concerned that they don’t understand. They are showing their ignorance, not exposing yours.
As far as contracts go, you should really take the time to read through them and identify the parts you don’t understand. Post questions here about those parts and you will get the right answers. Generally, nobody reads them anyway, unless there’s a problem and they’re looking for a way out. You just fill in the blanks like you know what you are doing and show them where to sign. Be confident.