"Just Ignore the Dates on the Pre- approval"....Say What ?

I just shudder when I hear these kind of things, Sally K. & David L. Hanson.  There's a real disconnect somewhere.  And obviously communication is zero.  You're absolutely right.  Much can happen in 30 days ... and even shorter durations.  

Gene 

Always work with a loan officer with a proven track record of good judgment, efficient processing, and delivering on promises within the timeframe.

Sally & David,  It's ALWAYS all about the details.  You just can't ignor them!

Sally and David

The dates are very important on a mortgage pre-approval.

Good luck and success.

Lou Ludwig

Sally and David

Congratulations of the feature an informational post.

Good luck and success.

Lou Ludwig

Sally and David

Oh, boy do those details matter. "Ignore" is a dangerous word in the real estate business in so many way.

Jeff

Well the only thing tops this is when they get preapproval letters and proof of funds off the Internet:))Endre

I am surprised at some agents. Your clients are lucky to be working with you.

The often used and mentioned phrase "time is of the essence" is no myth

Time is money!

Hi Sally and David --- sometimes our job feels a bit like an investigator.  Asking the right questions is a part of that along with keen observational skills come in handy.  

Not t only date but the mortgage originator didn't sign it because he was not at his desk to sign and scan it. Also don't worry about his NMLS#. He is a private money lender.

yes, there is a window for getting that pre-approval letter.  not too far in advance and in time to accompany an offer.

Dealing with a simular situation right now, finally got the loan approval yesterday afternoon. My buyer was approved for another property but he ended up making an offer on something else. Had to re-submit the paperwork to get the right one on it, even though that was for less money, go figure...

Yes Sally I have heard those words too...you must always do your due diligence even with an agent you know well!

Sally and David- you have to pay attention to details! That's what makes you stand out from the rest.

Our state contracts call for a pre-qualification letter is required within 5 days of acceptance of contract. I typically want to know more than that and faster than that in taking an active house off the market.

Dates are important...lender changed date of closing causing their clients to default on the contract. We now have a mess on our hands...

The dates are very important because a lot can change in a short period of time.

And even then, some of the time, we ask for a DU. Buyers pull crap all the time.

Like you, I don't much care for out of area lenders, either. They don't know how we do things, no idea on recording times and don't ask because they don't care, and they often hire out of area appraisers because they can't figure out who is local.