David Barr (Berkshire Hathaway HomeServices Florida Realty)

Spam prevention
Rainmaker
532,821
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

The lender will request an extension to keep the contract current in order to close, so it's not up to the listing agent. (yes ridiculous)

Whats in the contract always rules.

I just closed a deal where we needed 6 extensions due to banks incompetence.  Seller originally wanted an additional $50K in order to give us an extension...of course we refused and got it anyway.  

Not a penny more...so why do they ask? Because there are agents out there that think that any request must be met.  Not so.

Eve

 

 

Jul 31, 2015 07:41 AM
Rainmaker
282,177
Keji Ogunleye
Fairfax Realty, Inc - Greenbelt, MD
GRI, SFR, KejiYour Realtor

Fannie mae is the big bully in the Real Estate market.. I can smell their properties 10miles away as they are always overpriced, languish in market and then reduce the price...Though I buy houses or sell houses from them I'm not a fan at all. Freddie Mac is better than them..

Jul 31, 2015 05:44 AM
Ambassador
3,982,999
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Yes, I have. They like to play hardball and wield their power. It makes for a very unpleasant situation.

Apr 01, 2017 06:19 PM
Rainmaker
441,227
JoAnn Moore
The Mortgage Market of Delaware - Georgetown, DE
Home Loans in Delaware

Yes, several times but they do anyway. I don't know why Fannie Mae feels the need to appear difficult.  Closing on one today where Fannie Mae is the seller and they had to extend the closing date. Hold up was the attorney Fannie Mae was using and encouraged the buyer to use, was not allowed to do business with our lender. And, that is usually the case; something Fannie Mae refuses to do or has done to cause a delay.

Jul 31, 2015 04:38 AM