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When Faxing is just not enough

By
Real Estate Agent with Coldwell Banker Advantage 226608

So what do you do when the Buyer lives in Florida, Seller lives in Kentucky, home being purchased is in Apex, NC, Listing agent is in North Raleigh, the Buyers agent is in Cary, and the lender in Havelock, NC wants a clean copy of the offer to purchase and contract?   You are probably wondering why there is not a nice clean copy of the offer to purchase and contract.  But the reality is, when a document is faxed multiple times, the end result is a blurry mess.  I had such a situation this week.  The lender would not move even one foot forward in processing my buyers loan without a beautiful clean copy of the contract.  With all parties in different places, even if we started the process again, the end result would still be the same.  Short of mailing the contract from state to state, which could take a week, we were in a bind.  For the soluntion, I forwarded the contract to the lender in 3 different formats.   Fortunatley the copy of the contract that I have is barely legible.  I scanned this copy on very high resolution and forwarded this copy to the lender along with the unsigned copy that was in excellent condition, and another copy where I wrote above the numbers the correct amounts with arrows to show where then numbers were on the contract.  We heard this morning that the lender would accept the contract as present and my buyers loan is now moving forward. 

Lanette Branch
Taylor Properties - Bel Air, MD
Bel Air, MD Real Estate Agent

Robin, When I had this problem in the past, I sent a buyer-signed copy along w/the ratified.  That's been sufficient for the lenders.

Oct 24, 2008 10:42 AM
Robin Evans
Coldwell Banker Advantage - Cary, NC
Building relationships while getting results.

Thanks Lanette!  Eventhough I sent every version of the contract that I could get my hands on... The lender would have probably been fine with the buyer signed and the ratified.  Thankfully it worked out.  We were loosing prescious time.   

Oct 24, 2008 10:51 AM