Long story short-I submit an offer on beautiful custom home in Gilbert. Full price offer, solid buyer. Fast forward 2 months, still waiting for an answer from the seller’s lender. “The lender thinks that the buyer and seller are in “cahoots” together to get a deal together.
Really- buyer lives across the country looking to relocate, loves the house, submits full price offer, does not know the seller, not even by name.
Now the seller’s lender wants, Name, Address, Date of Birth, and Social Security Number, and most likely will ask for the first born in coming weeks from the buyer. Seller’s lender-think again.
Hey lender-do you want to sell, if not foreclose and reap the benefits-what ever they are.
Time to move on!! Hey lender, I understand you love maintaining your foreclosed properties and by they way-you suck at homeownership. Maybe you should have qualified your buyers in 2005 and 2006. Did you give loans on stated income? Did you wink at the buyer and give them a loan. Maybe it is time to take responsibility of your past actions, instead of punishing the very qualified buyer that you now have