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Approval letter instead of Pre-approval or Pre-qualifying letterLast week at a Freddie Mac seminar, I meet a group of Freddie Mac staff. they said that all REALTORS in the St. Louis Metropolitan will only work with buyer that have a 100% Lender's commitment and/or real approval letters. I like that and hope it is real. It is not only a good protection for us REALTORS to work with qualified buyers, it is also a protection for the consumers "Buyer Clients" as well as "Sellers Clients". Just imaging the disappointment and emotions buyers and sellers go through if at the last minute at the … (7 comments)
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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