negotiations: I wear a different hat....
- 07/26/11 05:50 AM
I had something interesting happen recently. Have some borrowers prequalified on a new purchase. I received a phone call from their Real Estate Agent stating they were going to write up an offer on a property later that evening. He needed from me a preapproval/prequal letter. He asked me to reference the purchase price and the fact that they would be putting ten percent down in the letter. Pretty standard stuff...no problemo. But then he asked me to include some additional information. He stated they were going to ask the seller to contribute to closing costs. Again, pretty standard stuff in … (3 comments)
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Karen Burket
Valley Mortgage Grou, Conventional, FHA, VA, mortgages
You can find great local Medford, OR real estate information on Localism.com Karen Burket-Bank of Oregon Home Loans Conventional, FHA, VA, mortgages is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
I had something interesting happen recently. Have some borrowers prequalified on a new purchase. I received a phone call from their Real Estate Agent stating they were going to write up an offer on a property later that evening. He needed from me a preapproval/prequal letter. He asked me to reference the purchase price and the fact that they would be putting ten percent down in the letter. Pretty standard stuff...no problemo.
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