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approval: Glad to Help a Realtor and Buyer in Distress
- 09/19/08 03:37 AM
A few weeks ago, I came across an Active Rain post from a very nice Realtor named Debra Brooks from Huntsville, TX who was very upset with the lender on a purchase transaction. Yes, it was another one of those infamous 11th hour loans blowing up again as I mentioned in one of my previous posts titled "5 Reasons Why Loans go Awry at the 11th Hour."
What had happened to the deal? Well, the buyer, who was currently living in Houston, was purchasing a manufactured home on a 20 acre property in Huntsville about 90 miles north of Houston. It … (0 comments)
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approval: 5 Actions to Avoid While Awaiting Your Mortgage Closing
- 09/05/08 05:37 PM
"Yes! We were finally approved for our loan and we are on our way to realizing the American Dream of homeownership. Let's celebrate by going to Las Vegas before we close on our loan. Remember: 'What happens in Vegas, stays in Vegas.'"
Whoa! Let's slow down, here. If you want to make sure that your home loan is "in the bag," then don't be so quick to pack that bag for the trip to Vegas.
I remember a couple that had been approved for a loan and were waiting for it to fund; however, a pre-funding employment verification revealed that the wife … (13 comments)
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approval: 5 Reasons Why Loans Go Awry at the 11th Hour
- 09/01/08 08:07 PM
I am sure many of us have seen scenarios where buyers and sellers have moving trucks packed and people literally sleeping on couches or even on the floor waiting for a loan to fund and then for everything to blow up at the last minute?....AAARRGGGGGHHH!!!!
Often times, I have had deals brought to me after being submitted to several other lenders where supposedly either the borrower didn't qualify or something was wrong with the property and, of course, the parties involved didn't find out about the problems until the 11th hour.
One recent instance happened to a buyer whose file was … (59 comments)
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A few weeks ago, I came across an Active Rain post from a very nice Realtor named Debra Brooks from Huntsville, TX who was very upset with the lender on a purchase transaction. Yes, it was another one of those infamous 11th hour loans blowing up again as I mentioned in one of my previous posts titled "5 Reasons Why Loans go Awry at the 11th Hour."
;)
;)
