P.S. - Ask your loan officer 'exactly' what the underwriter is requesting and 'why'? Then you'll know what's going on, and ask 'what they are specifically looking for from you or what are they wanting to see' to approve this loan. Then you might be able to be pro-active in understanding from the underwriters point of view on what you should do next.
Cancelling the PA is not going to get you into a home any sooner. You'll have to start the process all over again.
If you like this answer or if it was useful to you, a quick click on the green 'thumbs up' would be appreciated.
"Helping People Make Smart Real Estate Decisions since 1980"
(651) 457-HOME (4663)
The Portside Village litigation has been settled and the Builders (lost) are going through a massive construction to Raise the foundation in order to avoid from sinking any further. The current owners are going through a relocation or the ordeal of getting construction done off and on to fix the problem.
I am local Realtor in Benicia and would love to answer any further questions you may have about our Gorgeous town.... more
Hopefully your offer was subject to the appraisal. Most are when getting a loan. I always put than in even if there is no loan contingency. Now, you can have your Realtor do an addendum to match the appraisal price. Everyone sign it & the sellers agent submit it to the sellers bank with a copy of the appraisal. I've done this very thing successfully. Once they see that, they are usually pretty reasonable. Although it does depend on the bank & all other considerations. Hope this helps. Good luck to you... more
That can only be determined by you and your individual criteria. Realtors are prohibited from discriminating against or stigmitizing locations , homes, etc.. You can very easily Google schools, crime, etc. for info, to draw your own conclusion.... more
I just rencently sold a Waters End home for an astoundingly low price of $505k nearly 4000 sq ft. That is the bottom of the market. The appraised value came in around $550k. The buyer was asked if he would sell right after he closed escrow-he declined.... more
Did you ever get an answer to this question on Cambride Highlands? I asked my Broker, who was listing all the new sales, the same question this Summer. I didn't get a definate answer myself, but she did say the limit of renters allowed wasn't reached. If you are still interested, I would be happy to try to find out from the homeowners association.
Coldwell Banker Solano Pacific 900 First St Benicia CA 94510 707-749-4036... more