Moses Lake Real Estate....Yep I said it, I've gone there, I'm shaking my head in frustration.  The banks right now are so busy trying to cover their butts that they now have addendums and contracts to sign for EVERYTHING.  Just recently I have

j0414039 been inundated with paperwork from the banks that now I as the agent have to sign.  Here sign this thing saying there are no other addendum other then what you sent to the bank already.  Here sign this that says you know the client gets their earnest money back if the appraisal comes back low.  Isn't this a transaction between the seller and the buyer?  Why the heck do I need to start signing my name to these things?

Along with this has come more inspections.  Brand new house? We still need you to get the septic inspected by an outside source.  Community water system?  We don't care we want the flow rate for it.  It has seriously gotten to the point of virtually ridiculous.  Banks can't seem to find the middle ground for real estate.  They are so busy right now with CYA that they are going to make everybody else responsible for their bad lending practices and absolve themselves of all responsibility.

Maybe I'm just over-reacting to the stacks of FHA documentation I had to go thru and sign today.  It's frustrating to see perfectly legitimate transactions go sideways because the banks think that you crossed your eyes wrong at them.  The scary thing is though is that I don't think we've even seen the worst of it yet.  Bring it on banks, I will see your craziness and deal with it through gritted teeth and a smile.

If you are looking to Buy or Sell Real Estate in Grant County I would love to Help!  Call or text me at 509-760-7733

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                   Heather Adkinson  509-760-7733               

Realtor, ABR, CNE, RCC

Windermere K-2 Realty LLC

Moses Lake, WA, 98837

www.propertiesinmoseslake.com

     

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6 Comments on Now this is getting Ridiculous

OCT
26

A great attitude for this crazy business...

11:36pm • #1
Hit Router

I hope I don't offend any of the "bankers" I've even had them acknowledge the craziness that is lending now-a-days!

11:39pm • #2
OCT
27
202,202 Points 2 Featured Posts

I feel your pain.  My last few closings have been nail biteres to the bitter end. 

1:18am • #3
577,969 Points 18 Featured Posts Outside Blog

Dear nearly a relative Heather,

I too feel your pain and sympathize. The other day I had to sign, paw print on, a document for a bank stating that the nuts on a nearby tree were really acorns. Glad to say that they were and they seem to store well.

Nutsy, nearly an uncle to Heather

9:03am • #4
320,451 Points Localism Sponsor Outside Blog Hit Router

We just have to grin and bear it sometimes with institutions. Every now and then I have been fortunate to have some terrific banks that really listen to the broker though. hang in there! :o)

4:23pm • #5
1 Featured Post Outside Blog

Wow, it is pretty amazing that they are having the agent sign things.  I am not sure if that has hut us yet.  It must be so frustrating on top of actually dealing with the whole loan process.

11:02pm • #6

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Heather Adkinson Moses Lake Real Estate Agent

Moses Lake, WA

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Windermere K-2 Realty LLC www.propertiesinmoseslake.com

Address: Moses Lake, Warden, Ephrata, Quincy, Moses Lake, WA, 98837

Office Phone: (509) 760-7733

Cell Phone: (509) 760-7733

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