05/29/2026
I have two deals closing today. Both of them have had last second issues with title, or technology glitches or compliance snags, or _______ (fill in the blank of annoying reason).
Both deals have strong borrowers and on the surface should have sailed right through, BUT 30 years in this business has a way of making you humble and wise at the same time and you learn that every so often you just get a deal that is "snake bit".
NOTE: And they say things come in three's and it's true because I've got one more "snake bit" deal I am still working on.
So what do you do with a "snake bit" deal? You communicate. With your borrowers, with your Realtors, with your title companies and you rally and start fixing problems. There is no other way but through. Luckily on all of these transactions my clients have been terrific which makes the last second drama much more bearable.
In the end, my clients always agree that the juice is worth the squeeze, even when a deal is "snake bit".