We had a past client who wanted to sell his home this past May and move to a new school district. Time was of the essence with school starting in just two months.
They got their home is great showing shape and we put it on the market a little higher than we thought it should be. Netting as much as possible from the sale was key to their moving plans.
5 days after we put it on the market, we received an acceptable cash offer with the buyers wanting to take possession in three weeks. My buyers were motivated to make it happen. They had a contigency plan for this. They would move their stuff into PODS storage and live with their parents until they found their next home.
We immediately started searching for their new home and they found something they loved that first weekend. We negotiated a closing date on their new home for two weeks after the closing of their current home. Things were falling right into place.
The closing of their current home went very smoothly and they walked out of the closing with a check that they would use to buy their next home which was scheduled to close in two weeks. It looked like clear sailing.
But that same afternoon after they just closed on their current home and were now in a state of homelessness for two weeks, they received devasting news about their new mortgage that they thought was a done deal. They were told that they weren't going to be able to get the loan. Say what?!!!!
My people had wanted to use a good friend of theirs who is in the mortgage business. Hey, there's nothing wrong with doing business with friends. His friend the mortgage guy, had assured us all that they were qualified to make this move happen and that there was nothing to worry about. But now, right after they closed on their home and with all of their stuff in storage, they were told by their mortgage guy that the underwriter rejected the loan.
I've never had a client in this exact situation but one thing I've learned, never panic. There's always a way. So I recommended that they talk with another loan officer. I gave them the number of a mortgage guy who has saved me and my clients several times over the years. In the past, he had seemed to have performed lending miracles. But the business has changed and mortgage miracles are few and far between lately.
But guess what? My guy took the file and somehow got it approved. We didn't even have to change the closing that was scheduled just 13 days from the day he received the file. Are you kidding me? How can one company reject a loan and then another company get it done?
Craig Bland performed another mortgage miracle. I don't know how he did it, but results talk. I think he might have even gotten my client a better mortgage deal.
If your mortgage guy drops the ball or just can't get the job done, give Craig Bland a call at 678-234-0545. He's with a great mortgage company, Brand Mortgage. But Craig has been with several other companies over the years, and it doesn't matter who he works for, he always gets the job done.
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