My clients (buyers) made an offer on a home March 10th. They were qualified for the purchase with 5% down. We didn't get an acceptance from the bank until May 2nd. By this time-with all the lenders continuing to have stricture & stricture qualifying guidelines - they were no longer eligible for the 5% down program. We re-grouped, got extensions & finally closed on June 18th. Have patience and work with a qualified Realtor and you too can make it thru the short sale adventure.

 

2 Comments on My latest "Short Sale" adventure.

JUN
26
2008

Adventure indeed.  I have had several scenarios play out just as the one you described.  All we can do is be patient and extremely creative.  Welcome to Active Rain!
10:46pm • #1
JUN
27
2008

Welcome to Active Rain. I hope you will enjoy it and learn as much as I do from it. Happy Blogging.
5:29am • #2


What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 

John Fairlie

Studio City, CA

More about me…

Keller Williams

Address: 12711 Ventura Blvd #200, Studio City, CA, 91604

Office Phone: (818) 432-1696

Cell Phone: (818) 521-5814

Email Me



Links

Archives

RSS 2.0 Feed for this blog