Abc123

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  • Home Seller
  • Location:
Abc123, in Texas
  • 5 Answers
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Abc123's Questions (4)
Abc123's Answers (5)
Randy, Home Buyer in Minneapolis

What is your opinion of Lending Tree loans?

Asked Tue Feb 19 2008, 12:39 by Randy  -  Charlotte  -  Financing  -  22 answers
Abc123 answered:
As a seller whose buyer is using an online, out-of-state lender, I would say GO LOCAL!!! We are 5 months and 4 extensions later, and still haven't closed! - Tue Jun 17 2008, 14:44
Abc123, Home Seller in Texas

What has been your longest time to close ever? If a lender is not going to lend to someone, would they

Asked Tue Apr 22 2008, 12:30 by Abc123  -  Texas  -  Financing  -  5 answers
Abc123 answered:
Thank you so much for your answers. The appraisal was done 2 months ago which at that point I thought was a signal we were almost there. Boy, was I wrong. The survey was already complete before we started. I guess I'm wondering at what point, should they just go to another lender and what unforeseen consequences that might have? - Wed Apr 23 2008, 08:11
Sarah, Home Buyer in uk

As a non US citizen, I do not understand the tax situation. IF Florida and Texas and zero rate of income tax.

Asked Sat Apr 12 2008, 11:33 by Sarah  -  All locations  -  Financing  -  2 answers
Abc123 answered:
You still have federal income tax just not state income tax. - Mon Apr 14 2008, 11:28
Abc123, Home Seller in Texas

Switch from Conventional to FHA

Asked Wed Mar 5 2008, 15:02 by Abc123  -  Texas  -  Financing  -  4 answers
Abc123 answered:
It has been well over 2 weeks since we found out they were switching the loan types and nothing has been mentioned of a different appraisal, contract or the non-allowables. They just keep telling us everything looks good. We missed our first closing date and had to do an addendum, but we have been told it should be any day that they should get the approval. We are now looking at 5 days til our revised closing date and still no news. This is a good offer and we want to be patient and see the deal thru. I just don't want to be surprised by an appraiser that I'm not expecting to show up on my doorstep. Not to mention the rental I have in limbo... I'm just glad we're not trying to buy and sell all at the same time. - Wed Mar 5 2008, 20:45
Abc123, Home Seller in Texas

I have a scheduled closing date of March 10th. We are still waiting for the final Loan Commitment for the

Asked Wed Feb 27 2008, 14:05 by Abc123  -  Texas  -  Home Selling  -  3 answers
Abc123 answered:
Thanks for your responses. I just wanted to make sure I wasn't skipping over something that was common knowledge. The reason for our delay is because after the appraisal the lender came back and asked the buyer to pay off a couple of old debts. Is this a common practice? The buyer did so promptly and they were not a trivial amount of money. I think it would be pretty rough to have them go put out the money to pay those old debts and then not give them the loan. So, I think that is why it has taken longer to complete the loan than normal. I would prefer it not take this long, but it is a great offer, so we are willing to wait. - Thu Feb 28 2008, 05:52
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