I just became aware of this today by a client that wants to buy a listing of mine.  We were going to list their current home and write a contingent on my new construction listing--everything already worked out contractually.  And then the buyer talked to her mortgage broker because her ARM is due to refinance in May....the mortgage broker told them that they cannot have their home on the market for 90 days before the refinance the home.  Which means that we have to wait now because it was listed with another realtor prior to meeting me.

This is crazy and I did not believe it...but  I called and asked another mortgage banker and he said YEP it's true.  New Guidelines....New game! 

Has anyone run into  this and/or gotten around this?? This is not an investment property it is their primary residence and they want to sell it to move to a larger home--it just doesn't make sense.  Does anyone else have an explanation??