I need some help in understanding why an RE agent would take a client to see a house without them showing proof of a pre qual?? More over WHY would the agent put an offer in with ensuring they sit with someone? Why are offers being accepted with out verifying folks can afford to buy? Why are clients coming to me after mortgage commitment??? Please help me understand this. I spent most of my day today meeting with the prospective buyers 5 days AFTER the mortgage commitment date and 10 days before close... I have no idea what I'm going to do at this moment since we have had so many recent program changes. I feel for these buyers, they are most likely going to loose there deposit money. I placed a call to the listing agent asking for a 20 day extension to close. I might be able to fix some of the credit issues to get them going. The killer is that if I can't get the financing done, everyone is going to blame me for this mess.... WHEN I didn't even come in to the picture until today... It's always the mortgage guys fault. My only hope is that I can get them a grant for a bigger deposit to make the numbers work. Should I get them intouch with a lawyer for help???
Sorry for the RANT but it just frosts me when stuff like this happens. Are agents that busy that they can't keep an eye out for a client or do they just not care???