Close of Escrow Delays

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We have seen in the past couple of months multiple delays during the escrow process.  In almost every situation it’s a lending issue; e.g., loan conditions, appraisal, repair requests, underwriting.  30 days has always been the benchmark for a “normal” escrow.  These days 45 – 60 days seems to be the new norm with all the lender caused delays.  As much as we try to anticipate and plan for problems, lenders these days are scrutinizing everything so much it’s causing a backlog and subsequently delaying, what would ordinarily be a slam dunk loan, into a pain-staking, agonizing process.

Our advise: Sellers – be patient, we’re doing everything we can to push the lender but we can only do so much.  Buyers – make sure you do your home work before selecting a lender.  Some lenders are quickly gaining a reputation for their extraordinary long turn times or inability to close a loan at all.

For additional information you can read this article.

Category : Blog

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Since 1970 Rinetti & Co. Realtors has been selling residential and commercial real estate throughout the greater East Bay. We are boutique real estate company with a single focus, exceptional customer service from start to finish. Rinetti & Co. Realtors has the experience and practical knowledge to adapt to changing market conditions while providing our clients expert advise when buying or selling a home. If you’re considering making a move please contact us and see the difference Rinetti & Co. Realtors can make for you.


The only realtors in San Leandro...You will not meet two finer or more ethical realtors. The best! - Gary S.

Rinetti & Co. turned out to be the perfect place for me to do business...I would not hesitate to recommend their services to anyone buying or selling property. - Mary K.

...As I am sure you are aware, a house is stucco, wood and nails, but a home is where a lifetime of memories are created. Our mother was very proud of her home, it meant so much to her.

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...Thanks for your patience, guidance & professionalism, you made this experience a great one that we will never forget...We can’t thank you enough, thanks a bunch!!! - Rocio R.

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- Chris S.

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1103 MacArthur Boulevard
San Leandro, CA 94577

(510) 568-6171

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