mortgage information: Real Estate Agent Alert....Important update! - 08/16/10 08:23 AM
IMPORTANT INFORMATION FOR YOUR COOPERATING BROKERS/AGENTS AND THE SELLERS THEY REPRESENT:
In the past 6 months we've seen many offers be rejected because listing agents/brokers label some listings as (NON-FHA Approved) listings. Taking these types of actions could hurt all parties, especially the clients they represent. If we were dealing with lending guidelines of the past many potential buyers had access to many lending avenues, however those days are gone. Taking these types of actions could only minimize the number of potential buyers, and in many cases reduce them to just cash buyers, which in most cases represent investors looking for a deal, which ultimately brings … (0 comments)