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Nesgroup address: misc.consumers.house - Date & Time for the message: Tue, 5 Apr 2005 21:45:26 -0700
/ Author of the message: Joshua Putnam |
Title of the message: |
Re: Bank Bait & Switch?
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Text of the message: |
In article <1112704821.200809.64960@l41g2000cwc.googlegroups.com>, zher0@netcarrier.com says... > Well, now, 10 days > before settlement, the bank says that Freddie Mac "doesn't like" the > appraisal because the comparison properties are too far away! The > nearest multi-family that sold is 3.5 miles away... and is well over > the price I agreed to pay for the property I am purchasing. It appears > that the bank is unhappy with the rate they promised and are trying to > kill the deal. Sounds more like they didn't get adequate documentation for the loan underwriters. Loan underwriters really can be that picky, they're in the business of making sure the loan officer doesn't let you borrow other people's money for a high-risk loan at a low-risk rate. -- josh@phred.org is Joshua Putnam <http://www.phred.org/~josh/> Books for Bicycle Mechanics and Tinkerers: <http://www.phred.org/~josh/bike/bikebooks.html> . |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.