My young buyer was so happy. She got her bid accepted after three previous failed bids. She was so excited. She was looking at low price homes and Westland foreclosures. The issue she had was that the houses she was looking at were in the 30 and 40 thousand dollar range.
In that range many investors will pay cash. My buyer had to get a mortgage. So she was losing out to investors because even though she had a great bid that was comparable to the investors the banks were taking the investors bids because they were cash.
I love it when one of my clients win the home they want when the cards are stacked against them. Congratulations Sarah on getting a winning hand!!!!