something REALLY stupid! $$$ The MOST rediculous reason NOT to get the loan!!

By
Real Estate Sales Representative with Keller Williams Realty, Augusta Partners 302749 GAR Broker

Ok....Myself and my husband have always been entrepeneurs.  We have started and SOLD 3 businesses that were all successful and had another business that, although it was successful, we were unable to sell due to having NO time to sell!

We have been trying to get some financing on a new venture.   Nothing new, we have done it before.  In fact, we have done it before when we had WAY LESS income than we do now! 

WE got TURNED DOWN because , Now read this carefully......this is the ONLY reason they say they denied us!......AND I QUOTE......

"You (meaning ME) made more money in 2007 than 2006 and in 2008, so far, you have made a lot more than you did in 2007.(meaning Real Estate income) AND  we have to turn you down because we feel that your income is unpredictable, because of the big increase in income over the past 2 years."

CRAZY CAT

HAVE I LOST MY MIND!?   An increase in income DISqualifies a person from financing!!

Has anyone ever experienced this before?

M

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Groups:
Active Rain Cat Lovers
FOR SALE BY OWNER - MARKETING(FSBO)
Realtors®
The Art Of Marketing You

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the clock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the chair to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
2,502
FSBO Webmaster
FSBOwebmaster - Clearwater, FL

That is definitely the most rediculous thing I've ever heard of.  Sounds like you need a real human to review this loan request carefully.  Have you tried a different source?

September 26, 2008 12:53 PM #1
Rainmaker
255,753
Chris Fisher
Your Virtual Assistant - Concord, CA

I have to say, that sounds completely insane

September 26, 2008 01:32 PM #2
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the graph to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainer
98,487

Maria Vaill

Martinez GA, Evans GA, Grovetown GA, Fort Gordon G
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the lock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information