The Queen of PLAN B!

By
Real Estate Agent with Exit Real Estate Professionals

We all LOVE  it when things go as planned!  


The buyer doesn’t elope with another agent. 

 

The inspector doesn’t discover rabid bats living in the attic.  


The seller doesn’t quibble a bit when the buyer wants to include Great Aunt Matilda’s portrait in the deal. 


The appraisal comes in a whole five dollars over the offer. 

The mortgage is rolling smoothly along until . . . bumpitybump, bumpity, CRASH! 


What do you mean my pre-approved buyer can no longer get the loan?!  


With all the new rules and regulations in the mortgage industry, it is sometimes not easy to keep a deal together till closing. It is especially difficult when the buyer is on the edge . . . a little short on the down payment, a little shaky on the credit score, a little too close to a past bankruptcy, a little too tight on the debt/income ratio. Sometimes even the tiniest change in the buyer's life or the lending rules can wreak havoc! When the deal is a week away from closing and the wheels fall off the wagon, what do you do?


Go to Plan B, of course!


If you want to buy a house in the Spokane area, I know a mortgage lender who is the QUEEN of PLAN B


Robyn Garlich-Baird is our in-house, home loan officer and this lady is one tough cookie when it comes to getting the deal to the closing table.  She perseveres through the most difficult transactions.  In a recent sale, my pre-approved buyer was suddenly too high a risk for a certain bank just one week before closing!  She hunted down a whole new loan to make it work.  Happy ending for all, except maybe the three trees she killed with that stack of paperwork! :)


A few weeks ago,  I went into a local gift shop and saw this mug . . . had to buy it for Robyn as she instantly came to mind.  Plan B mugAs I was opening my front door, the bag with the mug in it fell to the ground and the handle shattered. Darn! I threw it in the trash! A few minutes later I went back and dug it out . . .after all, isn't Plan B really a test of character? So, I filed the sharp spot where the handle had broken off and gave it to Robyn anyway . . . filled with a few little bottles of "give me strength" juice . . . just in case she ever needs to go to Plan C!Plan B implemented



If you are thinking of buying a house in the Spokane area, give Robyn a call!  She will assess your financial situation and let you know if you qualify to buy a home at this time!   If you do, she will guide you through every step of the process! Yes, she will nag you and prod you to get all the necessary documents to her in a timely manner, because playing by the rules is what it takes to become a homeowner in today’s market!  If, for some reason, you don't qualify to purchase a home right now, she can give you information or a referral to someone who can get you headed in the right direction! Your very own Plan B

Robyn Garlich-Baird Spokane Mortgage Lender


To contact Robyn Garlich-Baird at Spokane Mortgage Lending, call her at 509-220-6082 or email her at robynbaird@msn.com.  If you are already pre-approved with another lender or just have some questions for a Realtor® in the Spokane area, do not hesitate to give ME a call!  I would love to help with your real estate needs!

Valerie Baker
Realtor®
509-496-6938
Exit Real Estate Professionals

simply real estate

Comments (25)

Valerie Baker
Exit Real Estate Professionals - Spokane, WA
Spokane Realtor

Carlotta - Thanks! Isn't that what the business is all about these days? Multiple plans! :)

Jan 22, 2012 06:51 AM
Valerie Baker
Exit Real Estate Professionals - Spokane, WA
Spokane Realtor

Wayne - I am thrilled to have a Robyn on my team! Like the analogy to baseball! :)

Jan 22, 2012 07:00 AM
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Always great to have a Robyn we can count on for those back up plans!  Good job on giving your Robyn kudos!

Jan 22, 2012 07:41 AM
Nancy Conner
Olympia, WA
Olympia/Thurston County WA
Seems like these days we sometimes need plans B - Z before we get a sale closed!
Jan 22, 2012 07:45 AM
Valerie Baker
Exit Real Estate Professionals - Spokane, WA
Spokane Realtor

John - How would we live without them?!

Nancy - Now that is the truth! 

Jan 22, 2012 07:54 AM
Beyonca Clark
Century21 New Millennium - Lusby, MD

Thanks! Definitely needed this post and wonderful message of Plan B and C!

Jan 22, 2012 08:18 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Don't you love these kinds of lenders.  I've had a couple myself who saved the day for my clients.  And the mug  I am sure Robyn gets more use out of it this way than as an actual mug.

Jan 22, 2012 11:28 AM
Teri Eno
RE/MAX Alternative, Melbourne FL - Melbourne, FL
Melbourne FL Homes

Valerie,  thank you, your post is excellent.   LOVE your path to fall out...   and every option you describe is possible in our world.   From "eloping" to "Aunt Matilda" -  well done, you!  Queen of Plan B?   too perfect.  

Jan 22, 2012 11:41 AM
Valerie Baker
Exit Real Estate Professionals - Spokane, WA
Spokane Realtor

Beyonca - Your welcome . . .glad I could help! :)

Jane - Gotta love the dedicated lenders! 

Teri - We do see some strange things in this business! I love the term "path to fall out" . . .quite the opposite of "path to success!" lol 

Jan 22, 2012 12:34 PM
Marge Piwowarski
Phoenix AZ Horse Property - Phoenix, AZ
Phoenix AZ Horse Property, LLC

Nothing so fine or essential as a dedicated lender.  Mine is Chris but she and Robyn are clearly sisters of the heart. 

Jan 23, 2012 06:32 AM
Valerie Baker
Exit Real Estate Professionals - Spokane, WA
Spokane Realtor

Marge - The clients who choose one of the dedicated ones are truly lucky! :)

Jan 23, 2012 07:07 AM
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

It is so great to have a lender that is proactive and can problem solve.  We have one that has taken loans that were going bad and has saved the day on several occasions.  You always want people to use them to begin with so they don't have to go through the heartache and stress.  -Kasey

Feb 03, 2012 05:54 PM
Valerie Baker
Exit Real Estate Professionals - Spokane, WA
Spokane Realtor

Kasey - I, too, love the idea of doing it right the first time!

Feb 04, 2012 11:08 AM
Pacita Dimacali
Alain Pinel - Oakland, CA
Alameda/Contra Costa Counties CA

Valerie

This just happened to me. My preapproved buyer couldn't get the loan. So he was going to increase his down payment, was getting another gift letter, putting his fiance on the loan and title....

But the seller (who was in escrow three times before) didn't want to grant the one week extension of close of escrow, and preferred to cancel when the buyer couldn't release his loan approval contingency. No amount of pleading worked. Stubborn seller just lost another buyer.

But it didn't have to happen this way. That lender (not my choice --- the lender was a relative of his fiance's) did the buyer a great disservice by not getting all his ducks in a row and telling us sooner what the problem was. Next time, the buyer will use the lender I recommend.

 

Feb 17, 2012 03:55 PM
Mona Gersky
MoonDancer Realty, Dillsboro,NC - Sylva, NC
GRI,IMSD-Taking the mystery out of real estate.

Valerie, great story and wonderful breezy writing style.  Your gift to Robyn was precious but then so is her service!  Wish she was licensed in NC.  Have you thought of inviting her to AR?  Maybe we could all learn a few Plan B tips.  Enjoy your weekend.

Feb 17, 2012 07:52 PM
Valerie Baker
Exit Real Estate Professionals - Spokane, WA
Spokane Realtor

Pacita - We can lead a horse to water but can't make him drink!  Sometimes I think when we try to recommend a lender, the buyer thinks we have some ulterior motive.  Of course, I guess we sort of do . . .to actually get them in a house so we can actually get paid! :)

Mona - I have mentioned it to her, but now that you brought it up, I should send her a formal invitation!  Thanks! :)

 

Feb 19, 2012 12:57 PM
Katie Munoz
Moving Forward Inc - Seattle, WA

Valerie, Great post!  Love your breezy style and wit!

Feb 22, 2012 11:06 PM
Valerie Baker
Exit Real Estate Professionals - Spokane, WA
Spokane Realtor

Katie - Thank you!

Feb 22, 2012 11:53 PM
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Ah!  I had one fall through today that really nobody had ANY idea it was going to happen, and it was with my awesome lender too.  Something came up in last minute underwriting that wasn't in their credit report, wasn't in a social security check and that the buyers thought had been dealt with many many years ago.  There was nothing we could do.  Inspection done, appraisal done, everything good except the last minute issue.  Sooooo sad for buyer and seller.  This does not happen to me often, so it's heartbreaching.  My lender, too, has a plan B, but it is a different loan and a different amount, so this home isn't salvageable.  Bummer :-( Kasey

Feb 29, 2012 02:24 PM
Valerie Baker
Exit Real Estate Professionals - Spokane, WA
Spokane Realtor

It has been that kind of month for many in our area . . .offers being made, accepted and then falling through . . .yuck!

Mar 02, 2012 12:47 PM