When you say pre-approval, what does it mean? Does it mean everything is a go.... or are there still conditions that have to met? What is the missing from the PRE-approval letter that you should know and be working on??
C O N D I T I O N S! ** this is really the gut of the loan. If you can't meet the conditions.. guess what? You won't have a loan (at least not with that lender).
Ask your loan officer to get you a clear understanding of what conditions have to met before you can fund. See which ones are directly your responsibility to do prior to close and get moving on them. You will be so glad you did. If you do not... You can hold up the loan/purchase and you even have to cancel it or get it canceled on you!
Lender's approvals comes with conditions & Possible Headaches if not handle right away!
Conditions can cause a delay or a "no go". It is important for the borrower to find out what the lender's conditions are and get to working on them immediately. If it is "appraisal" then we know that is out of the control of the borrower, but if it is something about the borrower's debts owed... it is up to the borrower to handle these conditions. If it is "termite report and/or clearence" that is not something the borrower have to worry about - the loan officer will handle.
But if it is something an old bill that needs to be paid or cleared up.... get on it.
If it is a lien or judgement on your credit ... better get on it - might take a while to clear it and could hold up the escrow.
And if it is a child support lien >>>>>>>>>>>>>> borrower you'd better get a move on it, because it will take a while to clear a child support lien whether it is paid or not. Actually, if it is not paid.... you may have a huge headache! The county does not move fast, but they do have a procedure and guidelines to follow.
WEBSITE: http://www.motheranddaughterrealty.com
Check out: Real Estate Terms/Definitions. And take a look at Mother and Daughter Blog and D'Adrea's Mother and Daughter Blog - for other tips for Sellers and Buyers. I work with my daughter as the Mother and Daughter Real Estate Team at Family Realty Group and we also focus in Short Sales and the Pre-Foreclosure process and REOs/Bank Owned Properties. Our consultations are free. Our aggressive marketing plan includes on-line listing advertising. If you are thinking of selling or buying a home in Northern California's Central Valley (San Joaquin County CA - includes Stockton, Manteca, Tracy, Lathrop) plus Stanislaus County CA - includes Modesto, Salida, Riverbank) & the East Bay (Alameda County CA - includes Hayward, Fremont, Newark, Union City & Oakland) and surrounding areas give us a call. If you would like a FREE Home Seller or Home Buyer Handbook, please call us at 866-750-8282 or email at US.
We need everyone at the Stockton Arena (248 W. Fremont St.) Saturday September 6th (This Saturday) at Noon . (Pretty Please)
Congressman Barney Frank, who is one of the most influential people in the Housing Industry in this Nation, will be conducting a field hearing. He was invited by Congressmen McNerney and Cardoza to help Northern California's effort to climb out of the foreclosure crisis.
This is our chance to come out in numbers and send the message that REINSTATEMENT OF DOWN PAYMENT ASSISTANCE IS A CRITICAL COMPONENT TO THE SOLUTION to this crisis.
Please invite as many people as you can. Please forward the email below to your whole email list. Invite everyone, not just industry connections, this effects everyone from the your child's third grade teacher to the postman.
We have to have at least 500 supporters and we need closer to a thousand. I apologize for the short notice. This is the best shot we will have in Northern California to make a difference.
www.getdownpayment.com
|
|
|
|
|
|
|
|
 |
|
|
Mother and Daughter Team-Residental: Buyers, 1st Time Buyers, Sellers, New, Resale, Short Sales, Foreclosures,REOs, Relocation. CALL @ 866-750-8282 / TEXT 209-346-9806 www.motheranddaughterrealty.com
- Real Estate Agent (work with my daughter as the Mother and Daughter Team)
- pre-foreclosure - FREE Guide
- Short Sales
- REOs
- Property Management
Visit our site: http://www.motheranddaughterrealty.com. I started my real estate career in 2002 working in the new homes community. Now I am in resale and financing. I am motivated, eagered and focused at helping as many clients reach their goal of homeownership, with the least amount of stress. I put my clients as a priority. I have an abundance of faith that by putting God first in my life, hard work and a good spirit, I will be able to successfully help my clients.
I work along side my daugher (D'Adrea Davie)as a Mother and Daughter Realty Team. We are Real Estate Agents at Family Realty Group. We are committed to working together effectively. We are excited to be amongst a group of distinguished Real Estate Professionals who are all apart of the most sophisticated and technologically advanced marketing firm in the Real Estate industry.
As a pair, we consistently approach every transaction as though we are the clients. We understand that whether it is a sell, a purchase or financing for residential or commercial property, it is an emotional and potentially stressful situation. We are committed to alleviating the pressure from our clients through efficient communication and excellent customer relations.
Give us a call for all your Real Estate needs. 866-750-8282
Our focus is on giving our customers excellent service, no matter if it a listing or sell for high end homes or mid stream homes. We list, sell and offer financing. We have an excellent working market plan that we go over with our clients and we work until for success. Family Realty Group is a great company to work with and represent excellent customer care.
We are focusing on Resale, new and Default properties - offering FREE Consulting to help owners negotiate with their lenders first. Once the clients have explored all their options and decide that a short sale is the way to go, we offer our services. Of course we hope that they have enough equity to do a regular sale, if they are unable to catch up their present mortgage.
Visit our site: http://www.motheranddaughterrealty.com and http://www.motheranddaughterrealty.net
Thank you so much for helping us find our dream home. What we liked most about your service is that you did not give up on us and you delivered what you promised. We will refer you to our friends and we will definitely call on you when we get ready to upgrade to a larger home. Thank you, thank you! The Alas Family
"Rosemary, I appreciate your professional approach to my questions and I really count on you for your knowledge and immediate response. Keep uo the good work, from now on you will be my realtor and I will refer you to my family and friends. Good luck in your business!" Ms. Phelan
Although our offer was not affected for the short sale, we appreciate you and your professional manner. If we ever need a realtor, we will give you a call. Thanks for your help. J & N Phillips
Rosemary and D'Adrea - We thank you very much for the compassion you showed us. Eventhough we were not looking to sell our home, you helped us negotiate with our lender and for that there is no words to say thank you enough. We appreciate you and will definitely tell our family, friends and associates about your services. You're doing a fine job. Thank you very much. Maria Lopez
Visit our site: http://www.motheranddaughterrealty.com.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2008 ActiveRain Corp. All Rights Reserved
