I had a closing last Friday, and here are my recollections/observations of each of the persons at the table:
Lender’s attorney: doing lots of work then “seeing deals fall apart right and left when rates spiked” a few weeks ago; now is “really slow”;
Listing agent: “making lots less money doing lots more work”;
Seller: kicking himself for losing money on the investment house he is selling and mad that he moved to Florida and bought a house in late 2006;
Seller’s attorney: now “doing lots of criminal work, which is thankfully available”;
Title closer: though I know she works hard and has responsibility, I was a bit distressed to realize she made about as much money at the closing table as I did, though I’d been working on the file about three months;
Buyer: got a seemingly great deal on a house, though he is taking a leap of faith that the value won’t fall anymore;
Selling agent: now 60+ years old, said he’s “lucky to have a pension from his teaching career” or he’d be S.O.L.