Blogging About Loans: Tickle Me Tuesdays - 10 commandments

An office of elite mortgage lending professionals with a common interest and goal focused on providing customer service that exceeds expectation. Thereby building our business from repeat and referral opportunities. Ruth Vogt. LMB 100023827. NMLS 257576. Regulated by the Division of Real Estate. Fairway Independent Mortgage is an Equal Housing Opportunity.

Tickle Me Tuesdays - 10 commandments

We have all had a buyer break at least one of these 10 commandments when buying a home!

Ruth Vogt Colorado Lender

Have you ever gone to a closing table and had the buyer's employer call the buyer out of the closing to tell him their job was being eliminated effective immediately? Yep! It happened!!


Opinions expressed here are the sole responsibility of the author, and do not necessarily reflect the view of Fairway Independent Mortgage.

Ruth Vogt Colorado Mortgage Lender Ruth Vogt, Sales Manager

 #LMB100023827, NMLSR# 257576

 Equal Housing Opportunity. 

 Regulated by the Division of Real Estate.

   www.ColoradoHomeLender.com

   ruthv@fairwaymc.com  303-881-7849.

 

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Comment balloon 10 commentsRuth Vogt • June 21 2017 01:25AM

Comments

Ruth Vogt - and it is very important that buyer sticks to these rules - or else...

Posted by Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners) over 1 year ago

Good morning Ruth. No I never had that happen. Frightening and scary too.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) over 1 year ago

Wow, now that's intense!

Posted by Maia Whitaker, Your Trusted Notary & Insurance Advisor (Superior Notary Service | Allstate Insurance) over 1 year ago

Praful Thakkar it's when the "or else" happens that really shows what kind of relationship there is between agent and lender.

Posted by Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com (Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.) over 1 year ago

Sheila Anderson we weren't sure if the employer was trying to protect the employee from taking on an obligation that he might struggle with, or was just being mean. Either way, we called the closing off, waited for the buyer to get another job in the same line, and closed the loan about 3 weeks later.

 

Posted by Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com (Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.) over 1 year ago

Maia Whitaker what was really "cool" was that the sellers agreed to extend the contract giving the buyer time to find other employment. That was a number of years ago, and probably not likely to happen in today's market, I fear.

Posted by Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com (Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.) over 1 year ago

Thanks, Ruth.  I love these commandments and really need to print them out for some of my buyers.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 1 year ago

Gabe Sanders We actually send out an email at the beginning of the transaction outlining these items (of course in a more professional manner!)

Posted by Ruth Vogt, 719-592-0855 Apply 24/7 www.ColoradoHomeLender.com (Fairway Independent Mortgage, LLS. Equal Housing Opportunity. Regulated by the Division of Real Estate.) over 1 year ago

This should be at the top of every mortgage loan application !

Posted by Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce (EXP Realty 414-525-0563) over 1 year ago

Great post.

Rules to live by if you want to qualify for a loan.

Thank you.

Posted by Shahar Hillel, Mortgage Consultant, Loan Officer. (Augusta Financial Inc.) over 1 year ago

Participate