Home Buyers Who Celebrate Too Early the Purchase of Their New Home Might Not Have One When Sober
By Antonio M. Cardenas Broker Associate, "The Realtors In Motion"
(RE eBroker Group - San Leandro, CA.)
Getting a home loan today is getting harder and harder, and home buyers who are unprepared could find themselves homeless if they misbehave while applying for a loan. Lending institutions now check, double check and triple check their applicants until the very last day they fund their loans. A recent first time newly wed home buyer found out the hard way, how banks fears of having another foreclosure is making them pull their loans at the very last minute. This particular loan applicant went through about 35 houses, wrote 14 offers, responded to 10 counter offers, and finally! his offer was accepted on first place! Since he had done all the prequalification for the loan, he was informed that he did not need anything else, except to wait for another 3 weeks to close the escrow. He was s...
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