This list is a notice of what could happen. What to fix prior to it happening. If you do your do diligence the transaction should be smooth, well hopefully.

Problems can begin to brew from the very conception of a real estate transaction. Both the property being sold and the potential buyer that is considering the purchase, the potential seller considering selling can have unseen complications. At any point in the process some relative can influence and cause a cancellation of the deal. Perhaps a forgotten ex-spouse appears and claims a interest. Perhaps a name on the deed can not be found.

Who is the buyer? Who is the seller? Who are they really? Did somebody steal the owners identity? Did somebody invent a fictitious buyer? Title theft, deed fraud happens. A person might think that real estate is totally safe since somebody can not come in the middle of the night and abscond with it. Perhaps not, however in the light of day. Somebody could steal the identity of the owner, forge their name on the deed and sell the property to an unsuspecting buyer. Somebody could pose as the owner and take a mortgage on the property. Have you taken a temporary job in another country? The property might be rented to a person not knowing that the person they are renting from is not the owner.

Terrorist acts, extortion: there have been cases where people have been chased from their homes. https://www.nytimes.com/2019/08/09/nyregion/the-watcher-house-sold-new-jersey.html

Considering a vacation rental? Does the property actually exist? See the Better Business Bureau article: https://www.bbb.org/article/news-releases/21033-bbb-investigation-rental-scams

1) In high school you have a friend that is a competitive relationship. You both attend Ivy league schools. Your graduates with magna cum laude, takes a job at the top of the ladder with a major corporation, marries a trophy spouse, and buys a mansion. You attempt to do the same just because. Just because Their name is Jones and you must keep up with them. Pragmatism should be . considered. Budget and life style considerations should be considered.

• 2) Taking a loan of maximum allowable dollar amount without consideration of comfort level
• 3) Omits important financial information on the loan application.
• 4) Submitting incorrect information to the lender.
• 5) Lost of a job after application and prior to closing
• 6) Overtime income reported included in with income on the loan application
• 7) Underwriters disqualifying some income due to uncertainty of continuation
• 8) credit rating changes due to large purchase after pre-approval letter.
• 9)  Illness, injury, divorce or other live events effecting finances
• 10) Gift donor not verified as gift or changes their mind
• 11) Can not verify legal status or divorce decree
• 12) Under the legal age to sign contracts without having court emancipation decreed
• 13) Needed documents for loan can not be located
• 14) Lack of documents confirming rent payments
• 15) Feds raises interest rates, loan institution responses in kind, supplicate no long qualifies
• 16) Depended upon program that is only available while funding is available
• 17) Child support dispute
• 18) Too soon after bankruptcy
• 19) Lack of documentation of job continuity
• 20) borrower switches jobs, new job has probationary period
• 21) borrower switches type of job
• 22) borrower or loan source dies
• 23) new betrothed does not like house
• 24) PREPAID INSURANCE BINDER forgotten or not obtained
• 25) Veterans status or Veterans DD214  not obtained
• 26) Buyer does not have money for closing costs
• 27) Money sources could not be verified
• 28) check for closing costs not certified or cashier's check
• 29) Seller changes mind, Loses motivation to sell
• 30) Seller can not locate place to move to
• 31) Seller does not allow inspectors or appraiser into homeowners
• 32) Seller does not have utilities meters reading
• 33) Seller removes property from house believed to be included in sale
• 34) dispute of liens, lacks documentation
• 35) Mysterious relatives appear claiming ownership
• 36) sellers espouse can not be located
• 37) seller disappears without rendering power of attorney
• 38) Skimping on Repairs 
• 39)  better listing photos  , BETTER CURB Appeal
• 40) Priced better, not too high, not too low
• 41) weighed their options more carefully,
• 42) needed greater neighborhood considerations
• 43) not getting a home inspection
• 44) needed to spend greater effort comparing mortgage options
• 45) pretty vs sq feet needing greater space-based
• 46) should have known cost to make the desired changes
• 47) maintenance cost was not considered
• 48) Fear of missing out being much greater than sound judgment
• 49) The mistake of thinking that pre-qualified is the same as pre-approved
• 50) Unexpected changes in credit situation due to having to use the house as collateral due to raising bail for a relative.
• 51) During searching expecting to locate a house that perfectly matches you needs and wants.
• 52) telling the seller how much you can afford
• 53) Not knowing what utilities should cost to recognize a problem if it occurs
• 54) After the purchase not realizing you must phone to locate utility line prior to diging post holes for you new fence.
• 55) Buyer fails to acquire prepaid insurance binder
• 56) Buyer brings cash instead of certified funds to closing
• 57) Seller difficulty clearing liens
• 58) Missing persons tat may have claims to property
• 59) Seller vanishes, nobody has power of attorney
• 60) foreclosure occurs after escrow
• 61) Misrepresentations
• 62) defects surface during home inspection
• 63) Major defects are not discovered till after closing
• 64) Seller does not have sufficient equity to sell
• 65) forms, paper work, contracts not signed
• 66) health or environmental department will not approve septic system or cesspool
• 67) Perc test fail
• 68) Water is discovered to have large percentage of lead.
• 69) Property appears upon EPA Superfund site
• 70) Building is destroyed after final inspection before closing ( tornado, fire, earth quake ...)
• 71) Insurance companies refuse to insure
• 72) Zoning inappropriate
• 73) House crosses boundary line.
• 74) Appraisal difficult due to no compatible properties
• 75) Appraiser brings value far too low
• 76) Inspector not available when needed
• 77) While making requested repairs Plumbers torch locates gas leak
• 78) Buyer no longer qualifies for loan due to interest rates climbing
• 79) Documents with misspelled names
• 80) Errors within the documents
• 81) Lack of emotional support. Buyer and seller sentimental attachments to last home
• 82) Death due to buyer or seller after sales agreement being signed
• 83) Assuming that nothing can or will go wrong
• 84) Code violations can encumbered title and prevent sale
• 85) mortgage company refuses to issue loan till code violations are remedy

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