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DEALS CAN FALL OUT OF ESCROW FOR NUMEROUS REASONS:
LENDER DOESN’T DO ITS JOB: It is your financing team’s responsibility to make sure you are qualified to purchase or refinance a home.
BORROWERS PURCHASE THINGS IN THE MIDDLE OF A TRANSACTION: One of our ten commandments is: “Don’t buy a car unless you plan to live in it.” It is imperative that borrowers keep their credit untouched during the home-financing process.
APPRAISAL DISPUTES: Sometimes, the property does not appraise for the agreed purchase price. In this case, we can send in a rebuttal to try to prove value, but if the appraiser still doesn’t agree, it will come down to whether or not the seller is willing to lower the price of the home.
COMMUNICATION AND COOPERATION: The most important part of financing a home is communication. There are several parties involved in the real estate financing process, and we can only move as fast as you do. Without you, we have none of the information that we need, so being on top of your game is a must to get things done on time. ve
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