Argh !!! Why oh why when you really want to help the people we perceive to need the help most does it end like this. I met buyer A via my webpage. Wonderful sweet buyer with a nature willing to do what it took to be a home owner. We set A up with X lender and got the loan approval go ahead. Now the fun part looking looking looking. It took several weeks to locate a home that was in tip top shape as buyer A was not able to do anything to the home and needed it move in ready. I was so happy when I was given the name and number of seller from someone on my team. I called I met the seller and it was a perfect match a home that would be renovated from top to bottom in a great area for 92k. Buyer A was on cloud 9 and so was I . We opted to extend the closing by 60 days to give seller the time to do all the things asked for. During the that time Lender X was starting to falter with the loan app and asked for more and more information. I even had them telling me they though buyer A was not who they were via photos on the ID. I also faced the challenge of Lender X wanting to force new loan guidelines on buyer A because we had not closed yet. I was jumping through hoop after hoop and so was buyer A. I was getting more and more ticked as Lender X just kept coming up with more and more things they wanted. We know this was going down hill like a speeding truck. I asked Seller would they extend the closing to allow the buyer to get the loan approval. TO my disbelief the seller did . We needed early possession now too because buyer A had given notice to the apartments 2 weeks prior AFTER the bank requested a 2nd appraisal and it came in at value. We had no reason to think up to that point we would not close this loan. To end the story here is were we are. 1. buyer had to find a home 2. seller was not able to give early possession 3. lender will most likely issue a loan denial today after 60+ days 4. Contract will be released today In 8 years I can count on one hand my contracts that have not closed. It really tics me off this was only 92 k COME ON People is what I wanted to say . I feel horrible for the buyer she had to scramble at the last minute to find a home and the seller is not left trying to sell a 2 bed 1 bath house in this market ! THANKS LENDER X !!!! ( company that is not the person ) You know I think we did what we could. The only regret is not switching companies faster to see if its Lender X or the loan ?
Alison Creamer, Realtor, ABR, CDPE
REMAX First 757.217.0928
5511 Princess Ann Rd Virginia Beach Va , 23463
Direct 757.652.8880
Licensed to sell Real Estate in Virginia

WOW, I feel your pain... It is so very disheartening when you have someone dedicated to making it happen and the mortgage company fails. Don't give up! Your dedication to the process will hopefully get you to keep Buyer A as a customer.