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Real Estate: Tom Kelly
The Real Estate Adviser |
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July 30, 2009
The Real Estate Adviser: Why deals take longer to close these days
By TOM KELLY
Special to the Journal
Special to the Journal
It's no secret that many facets of lending and real estate have changed as a result of the credit crisis. In addition to tightened lending practices that resulted from rising mortgage delinquencies, the nation's capital has been heavily involved in altering the way lenders do business today.
Two individual pieces of legislation impacting business need to be taken into account when determining closing dates for purchase transactions.
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