The lender should want to protect your earnest money. Document your requests and concerns in writing. Hopefully you have a Realtor to help comvince the lender to do their job. If need a referral to a trustworthy, local lender, please let me know. If they jeopardize your earnest money and you feel they were negligent, you can file a complaint with the Colorado Division of Regulatory Agencies. Hope this helps you.... more
Most lenders are swamped with new loan applications-mainly due to the historically low interest rates. Underwriting can take up to 2 weeks now-make sure your mortgage broker keeps you updated regularly and lets you know right away if the underwriter needs additional items. It is common for them to ask for more paperwork once they review the file-so don't be alarmed.
If your closing date is coming up-the loan officer can put a RUSH on your file.... more
The condo was not accepting FHA loans? Why would the condo have a say in what type of loan a buyer has? The lender should be the one that knows and should have told you that FHA might not accept the condo, not the other way around. An experienced Realtor might know, but it would be the loan officer that finds out for sure if they (the lender) will be able to write a loan with FHA or not.... more
WildBill - I will answer in general terms. A Notice to Cure means that a notice has been served to correct a problem. This can range from mortgage, taxes to something wrong with the structure on the property itself. In terms of rental it may be a Landlord serving notice to a tenant that has put up a dish when not allowed. So type of notice have been given to cure (fix) a problem.
I will say this, as I do not know you or your Realtor, but if I have to take a term to my Buyer, I always make sure I know how to explain it. Just food for thought.... more
You can use a discount broker however they do not market your home to its fullest potential in my opinion. This could leave your home on the market longer than you like.
I dont reccomend FSBO especially if you are in a time crunch, perhaps it would be a good ideah for you to interview a few agents, explain your situation in greater detail with them and allow them the opportunity to come up with a plan.
Look for an agent that intends on counseling you on your home, they may be more helpfull than you think, and who knows your home may be worth more than your thought...... more
Look online before you come. Know your financial capabilities and choose a professional realtor, like me, who will take the time to work with you. Colorado is great. I have lived here all my life and I have a lot of information to share with you.... more