A borrower wanted to close a loan before year end on a property in Northern Utah near Bear Lake, a popular recreation destination. They were set to go with another lender but they said they would not close before year end. Actium swung into action, driving — in a snow storm on a Saturday — to inspect the property.
The next business day Actium concluded proper due diligence, including talking to the local government officials about zoning and utilities. Before the end of the year, the documents were ready and the wire was sent to the title company.
The County Recorder finished the details as soon as they opened their office and the deal the done!
In the Park City, Utah area, a prospective borrower was selling a home used for nightly rental. At the same time, he had placed another nearby property under contract to purchase. His original property sale did not close before he would lose his earnest money on the new property. In a potentially costly situation, ...
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