Why Some First Deals Never Make It to Closing

Question

A lot of first-time deals never close.

Not because they’re bad but because:

• Funding falls through
• Numbers weren’t realistic
• No clear exit plan

The difference is usually having a plan before going under contract.

Has anyone had a deal fall apart at the finish line?

Stacy Raskin · Answer

If working with the right mortgage broker, they flag any potential issues and get them cleared ahead of time so it's less likely to have anything come up that will destroy the deal as long as the borrower is giving accurate information.

Mike Grudzien · Answer

The finish line is no place for a deal to "fall apart".  If it hasn't been pressure tested and reviewed ahead of time, then there was no "deal" in the first place to make it to the "finish line".