Mark Daniel Adamczyk (ItsYourSale.com)
I recently had a buyer that really loved a home and put it under contract in the Kissimmee, Florida area. The home was a 3/2 with a pool backed up to a conservation area and went pending at 162k. The area is a short term rental subdivision, much like most in the Disney Area. The appraisal came in five days before closing and it came in at asking price but Colonial Bank had an additional review process that later said "NO GO" on the loan. The buyer backed out because he now felt it was a bad investment. My question here is does the buyer get the escrow refunded? Is this something that this financial institution wouldn't approve because of their lending guidelines or do you think every bank would of made this decision? Let me know your thoughts on what happened here and how do you move forward when something like this happens? You show properties that match your clients specific needs only for the bank to screw you over and make you look like a bad person to your client............. |







Indian
Creek is located within 3 miles of the Walt Disney
World Resort and theme parks area, making it a very
popular subdivision for Vacation Home owners. This community
was started in 1999, most homes have pools and are 3, 4, 5 and 6
bedrooms. The homes in this area are zoned as short
term rentals, you can use it as a second home,
rent it as a vacation home, or use it as your permanent
residence.
I just checked this will be
my 300th post! Hard to believe that July 4th I
wrote my very 
