I'm nearly bald from pulling my own hair!
What in the wide wide world of business is going on? And ... Who died and made them boss?
First we work our buns off finding a house and getting the customers into escrow, next we slug though the negotiations and get an escrow open, then we sweat the inspections and the appraisal! Almost there ... closing in sight ... then ... out of left field ... here comes the underwriter!
Yesterday, after days in underwriting, we finally got "conditional" approval. We got Loan approval conditioned on the buyer's employer writing a letter stating that they don't anticipate having any reason to need to "lay off" the buyer in the future. Let me get my crystal ball and take a look!
Besides being a total waste of everyone's time and completely useless, a letter like this isn't worth the paper it's faxed on!
This brainiac decision was just shortly preceded by another underwriter who decided that they would approve a loan for buyers on a home being purchased "As Is" with the condition that a number of repairs be done prior to the close of escrow! Do you understand "As Is" ?
The real question is ... Why is this Happening? I truly understand that they need to be careful but ... "Give Me Break!" Where does reality fit into the equation?
Lisa Wetzel and Jim Valentine are the authors of this blog. Lisa, Jim and Jessie are experts in Carson Valley, Carson City and the tri-county area of Douglas County, Carson City and Lyon County. Call our team anytime at 775-781-5472 or 775-781-3704. To Search for Homes visit our website at www.CarsonValleyLand.com
