Real estate blog entries tagged with rate locks by Midori Miller - Ormond Beach | Daytona Businesses And Area Information (Midori Miller @ Coastal Results Referral Company)

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Home : Blogs : Midori Miller - Ormond Beach | Daytona Businesses And Area Information : Midori Miller Talks Up Ormond Beach and Daytona Beach Businesses : Tag "rate locks"

rate locks: Ask A Buyer of A Shortsale-Did You Lock Your Rate? - 07/24/08 09:15 PM

Some buyer's choose to lock in their rates ASAP while others take a gamble and wait. Since turn around time for 3rd party approval is taking longer than ever.

If you talk to a short sale specialist..they will tell you..right now they are overworked and really backed up..backed up weeks and some even months.
Heck you call some banks...its sounds like a telemarketing room!
The buyer who takes the gamble is the buyer I am talking about.
Keep in mind with the way guidelines are changing everyday..the rate the buyer was qualified for 60 days ago..may no longer be … (12 comments)

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