new hampshire: How Flimsy is YOUR Loan Commitment and how much could it cost YOU? - 03/19/08 05:52 AM
It's no secret that the mortgage industry is in trouble... we are hearing about it on a daily basis through our favorite media outlets. 
As with most things that we hear about in the news, it's just more bad news UNTIL... we have a personal experience that hits home.
Recently, I wrote about some trouble that we were having with lenders not wanting to keep us informed on the lending process and turning down buyers that should have (and eventually did) qualify for financing.  For more of a background, please read those previous posts:  

new hampshire: I'm Tellin' Everyone! - 03/14/08 05:43 AM
A few weeks ago, we had something wonderful happen…. One of our listings went under agreement for full price AND we found the buyer!  The buyers are first-timers and needed to go for 100% financing and some seller contribution.  We knew this up front, so they offered over asking in order to make sure that the seller still netted full price.  This was all well and good.  The home inspection came back pretty good with only a minor issue that was quickly resolved. 
I know what you’re thinking… WOW… This sounds too good to be true!  Well, you’re right!  As with … (10 comments)


Katherine Anderson

Managing Broker

Exeter, NH

More about me…

Coldwell Banker Hobin Realty, LLC - Hampton & Rye, NH, USA

Address: 540 Lafayette Rd, Route 1 (just North of Route 27), Hampton, NH, 03842

Office: 60(392) 617-0010

Mobile: (603) 231-8750



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