In this era of Real Estate transactions you can pretty much guaranty that if you aren't sparkling with great credit, very little debt and a nice income you most likely will not get a home loan.
It's nice that "they" have laid down the law and made it clear that there are no funky home loans to be had....
But we can get a preapproval letter from the buyer one week ........and the next week we are notified of the cancellation.
The buyer was served with a credit denial letter?
Yup, let's just call it borderline qualification to begin with, right? Why even state it's a preapproval when it's not? Well, because the Hawaii Home Buyer wants a chance to see if they can still purchase their own home. Even if they're stretching it.
But that's not to say that the Hawaii Home Seller is making plans to relocate and we all are working diligently to close on time. Bummer, right? ...So what now? Why us?
Sure we're all disappointed although there is nothing left to do but move on.
We pick ourselves up and dust ourselves off.....
And start all over again!
Celeste "Sally" Cheeseman is a Realtor-Associate® and Certified Residential Specialist (CRS) with Century 21 Liberty Homes in Mililani, Hawaii. With a sharp understanding that a listening ear is the key to a client's needs she serves the island of Oahu (Honolulu County) and all Hawaii Military Relocations, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents, Home Buyers and Sellers.
© 2007-2013 Celeste "Sally" Cheeseman's Hawaii Real Estate and Relocation Blog.
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