Comments on: How Many Ways can Lenders Prevent a Closing?

By: karen

karen — Thu, 18 Feb 2010 15:48:18 +0000

I agree, Gary, and I’m hearing more stories than ever from Realtors about lender “interference”.

Thanks for the comment.

By: Gary Ettinger

Gary Ettinger — Thu, 18 Feb 2010 14:43:23 +0000

Hi Karen,

Hope you and Jim are doing great!

I loved you article. I think all Realtors have a story or two about how lenders and the government screw it up and make it more and more difficult to sell a home.

Take care,
Gary

By: karen

karen — Wed, 17 Feb 2010 14:40:51 +0000

Wells is an obvious problem. Lenders do, however, all use the same guidelines but they are able to choose which ones they more strongly enforce.

It’s just getting constantly harder to work with lenders which is why we try so hard not to!

By: Andy Knight

Andy Knight — Wed, 17 Feb 2010 14:36:19 +0000

I’ve noticed several issues with Wells-Fargo. Too many anecdotal stories about them delaying/preventing closings to qualified people. I wonder how effective it would be to avoid buyers (or sellers, for that matter!) who are depending on Wells-Fargo.

By: karen

karen — Tue, 16 Feb 2010 18:37:59 +0000

Regulations are making it so hard on buyers and sellers.
We’re trying to remain patient and just keep moving forward, one step at a time.

By: Flavia Nazareth

Flavia Nazareth — Tue, 16 Feb 2010 18:33:17 +0000

OMG, this is soooo frustating! I’m also having a really hard time trying to sell one of our properties to a qualified buyer…I just can’t see the point with delaying the process if the buyer has been approved and everything is in place. Let’s take a deep breath and keep hoping for no more requirements!!
Thanks for the post!
We will sell our properties soon!!