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Crazy times are here!

By
Real Estate Agent with Keller Williams DTC

Just when I  thought it was safe to be in the Real Estate waters... along comes another company that goes belly up and throws us another curve ball.  I was on my way to get an offer signed when the lender called and told me that FHA had changed their guidelines... effective immediately  What was I to do, I was on my way to meet my clients..... contract in hand when the rules of the game completed changed...... That was really trippy (to use a 70's phrase!). To say the least we had to come up with a new game plan and changed the terms... etc of the loan and the offer.  So.....how's it been for you?  Deals falling through, financing changing, stock market crashes and recoveries... I sometimes feel like I am in a tornado, or hurricane, or the wave pool at the water park.  I am trying to remain steady while huge currents of changes swell up.  Just wanted to know what you were going through.

David Saks
Memphis, TN
Broker / Industry Analyst

Banks and lenders collapsing is not groovy, Bonnie :-). Hope things work out fine for you in the days to come and the transactions you settle are made smoothly and without any impediments because of this market volatility. The lenders appear stable, though challenged, in the mid-south. I'm sure better days are coming. Hope your having a fine week.

Oct 01, 2008 12:55 PM