preapproval letter: What can a Buyer really offer a Seller as proof that they are qualified to purchase their home?
- 04/01/11 11:48 AM
What can a Buyer really offer a Seller as proof that they are qualified to purchase their home? After having TWO Tulsa home buyer’s financing fall through days before closing, I’m beginning to wonder what a Buyer can really offer a Seller as proof that they are qualified to purchase their home. Obviously the pre-approval letter from Bank of America presented to my Tulsa home sellers along with the offer was not worth the paper it was written on. And we find out three days before closing that our Buyer does not meet all of the bank’s underwriting requirements? Really, (75 comments)