american dream: Sad Story for Sub Prime Financing - 03/15/07 03:44 PM
Just 14 short days away from closing, an ugly message came from the selling agent.  "Due to the recent changes to sub prime financing, the program my clients were approved for has been pulled.  Therefore we regretfully have to get a release of contract..."
We had negotiated home inspection items, gotten thru the appraisal, got the title work cleared and this happens.  This is certainly devastating to sellers, and definitely an eye opener to buyers.  No longer can they just assume with marginal credit and no money down that they can buy the American Dream. 
That brings back some real basic Education.  … (0 comments)

 
Sharon L. Daniels, ABR,e-PRO, Managing Broker (Weichert, Realtors)

Sharon L. Daniels

ABR,e-PRO, Managing Broker

Warrenton, VA

More about me…

Weichert, Realtors

Address: 67 W. Lee Hwy, Warrenton, Va., 20186

Mobile: (540) 683-7550

Office: 540(347) 200-0120

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