A Tale Of Two Transactions in Arvada and Westminster, CO!

Westminster, CO- Things that go "bump" in the night, can make your hair fall out!  Or in my case, not shave until these transactions get CLOSED!!   Regardless, of the preparation and planning, sometimes there are elements that are just OUT of your ability to control.  Please, let me share!!

It all started, with a new listing in Westminster with some of my past clients, actually 14 yrs ago I sold their home and assisted them in buying this current property!!  We placed the home on the market in August, and after taking the appropriate adjustments, we were able to procure a buyer in early November. We are now under contract at $226,500. Of course, we need to procure a new home for my sellers so this transaction had to have a contingency built in!  Yeah, we were able to go under contract 2 weeks later and NOW, we are on our way to a closing around 12/27/12.  Under contract at $310,000!

Search for Homes in the Arvada, Colorado area under $450,000!!

The Lender Fun Now Begins!!  My sellers are working all the necessary docs into the lender of their choice, and after about 2 days of reviewing the docs, again ... the lender has decided they made an error in income/debt ratios and the sellers can only qualify for $225,000 loan!!  YIKES!!  We just went under contract for a $310,000 property with 5% down!!

Yes, how in the world did we let this happen!!!  Someone did NOT review the credit report with the right kind of scrutiny as we come to expect from a LARGE Bank!!   This is just the start of a the strange process.... please continue to read in my other blog...

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Thanks for reading this,  Dan Hopper.

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Dan Hopper specializes in assisting home owners to avoid Foreclosure in Denver, Colorado. Denver Loan Modification Help, Denver Short Sales. Denver Realtor. Westminster, CO Loan Modification Help, Westminster, CO Short Sales, and Westminster Realtor.

Thank you for reading, "A Tale Of Two Transactions in Arvada and Westminster, CO!