As a follow-up to our hugely popular post last month "When Not to Schedule Real Estate Closings", I just want to remind everyone that the perfect storm is on its way this week.

This coming Friday is:

1. The last Friday in the month
2. The last day of the month.
3. It's the summer
4. It's the Friday prior to July 4th weekend.

Think about how many people you know that are leaving early this week to head to the shore, or beach, or wherever they go in your parts of the country.

A lot of them, right?

There can be as many as 20 people involved in the purchase/sale of a home, so if your closing this Friday, try to schedule it for as early in the day as possible.  Many of them are probably leaving town early this week, too.

From the above-referenced entry:

It's because title companies are like airports.  At an airport, planes are always trying to land.  It takes a complex system of organization to make sure that every plane lands on time.  If a plane landing early in the morning has some trouble, it throws off the timing of every landing later in the day.

Witness a busy airport on Thanksgiving.

In this little metaphor, the title company is the airport, and the closings are the planes.  If a morning closing has problems, it will throw off the timing of the afternoon closings.  And the more closings scheduled that day, the worse the timing problem becomes as the day goes on.

The biggest difference between a title company and an airport, though, is that the airport won't close at 5:00 P.M. on the button.

Be ready for trouble Friday -- even if your purchase closing is expected to be smooth.  Friday is the Perfect Storm (but without the bad Boston accents).

For Chicagoans, there is an added spat of terrible timing.

Friday, the Cubs are playing the White Sox at Wrigley for an afternoon match-up.  Game time is 1:20 P.M.  Chicago will be seriously shut down beginning at noon for the rarest of the rare -- the Quadruple Mortgage Witching.

Suddenly, caveat emptor takes on a whole new meaning.

Dan Green is an active loan officer. Email or call 513-443-2020. Dan is on Twitter at @mortgagereports.