Indeed, you can't count your chicken before it is hatched despite the lucid life breathing in the embryo lulling comfortably inside the shell. Well, that was the picture I could see until ONE GLOOMY DAY.
Apparently, the chicken might not reach its full term.
I could dwell in exasperation and frustration with this transaction nearing consummation for days because of imminent lost commission and time where I could have put to use in something more productive. But it is a duty call a buyer's agent has to attend to.
In two occasions, I have likened a lady-in-waiting for the gas and electric company to call me to get the utilities activated for my buyer since the property is HUD-owned and activation is the buyer's responsibility.
The window for the electric company: between eight in the morning and twelve noon. Not as bad as the gas company who gave me a twelve-hour window: 8 A.M to 8 P.M.
All these aggravations plus the mourning over the GREEN BUCK$ for which I started digging its grave are TRIVIAL.
A week ago, I saw a face of a buyer glowing as he professed the exhilaration about owning his first home in the United States. His eyes sparkled with enthusiasm while narrating the color scheme he picked up for the carpet and walls; the furniture set's style and its configuration and the conversation he had with his family back in his home town announcing his latest conquest- HOME OWNERSHIP. It may not be a verdant oasis. But it is the integral part of his dream. The American dream coming into fruition!!!
Last Friday, I could see that same face--sullen; his body-- sulking and his heart--shattered.
The joy that emanated from getting the commitment letter was pounded hard into broken molecules that vanished quickly as it appeared.
The REASON: EXPIRED GREEN CARD.
At first, I was bewildered. Why was he able to get a pre-approval with an expired Green Card? To answer my question, I asked one of the loan officers I work with in a regular basis if he asks buyers during the prequalification process the question as to the status of his residency in the United States. He told me that it is included in the questionnaire.
Since my buyer chose to work with the loan officer of the bank he has an account with, I could not blame myself for not doing my job in referring him to any of the competent loan officers I deal with in most of my transactions.
Granted that my buyer instituted his own predicament by letting his green card expired, and assuming that it could have been an honest memory lapse and provisional irresponsibility because he has been paying Uncle Sam his dues dutifully, why did the loan officer give him the go signal when at the time of application, his card is already expired?
Don't you think this dilemma could have been avoided?
How could you appease and recompense a buyer's crushed emotions? Never mind the money he spent on home inspection, appraisal and the lost of wage for the hours he took away from work to be present during the process, or either the money he has to pay as penalty for the lengthy extension or forfeited deposit.
I have never asked a prospective buyer if he has a valid green card or a citizen of the United States.
After this incident, I may not be comfortable adding this question in screening the buyers,but I might just do it.