I just had a client’s offer rejected because the sellers opted to accept an offer with a conventional loan. My clients are using an FHA-backed loan. In discussing the situation, Tony asked me, ‘What would you have advised your clients if the roles were reversed?’. An interesting question, because I had to think a bit … Continue reading
It seems that way sometimes. I’ve had several deals this year get crippled to near paralysis as a result of some withering underwriting. If the transactions limped along to conclusion, and some did not, it wasn’t after some significant bruising. Many involved in these transactions have been bemoaning the insertion of the underwriter into the … Continue reading