IS THE MARKET PICKING UP?
This questions will be on every Realtors mind as we continue though this year of 2009. The fact that our President has just given the lending institutions another Stimulas may just be the key to what we need. Question is, is it?
The problem lies in the fact that no one has forced our lending instutions to lend monies as of yet and the lenders continue to come up with certain "road blocks" along the way. One for instance just happend to me last month. Here it is in a nut shell.
My clients had been dealing with this instution for roughly 3 months. Everything was in place to purchase the "home of their choice". One minor exception. Two weeks before closing they were told that they would have to come up with another 5% down. Now, most Realtors know that this right here is a deal killer as most people would not have that extra stashed away somewhere. However, my clients happened to be the "older generation" and did have to break that CD to be able to purchase this home.
The reason my client was told is was that "the mortgage business was slow right now and that they needed more capitol down". Go figure!!! Regardless, I don't think that this was fair to my client or any person that may have been purchasing a home. This is only one of the many I am told are out there. However, this was a first hand experience.
As I continue to fight for you, the American people, please feel free to follow my blog.
I try and write as often as I can and show property and be as good to my clients as I possibly can. After all, isn't that what we're really suppose to do MR. LENDER?????
Blessings to you my friends,
until I write again.
Katie
www.FL-WaterFrontProperty.com
727-415-4669
Florida Luxury Realty is not associated with the government and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage you could lose your home and damage your credit rating.