I have an unbelievably great example of a Lender snafoo (snafu – depending on your preference of spelling). Here’s how it went —
I received the contract 3 1/2 weeks ago. I called and introduced myself to the Lender on that same day. My question to the Lender, which is the same question I always ask on Day 1, was, (after introducing myself) “How do these Buyer’s look on their loan app? Is this one that we should watch closely, or do you think they are good to go?” I was assured at this point that the loan was a “breeze.” Wind definitely had something to do with it.
My next question in the course of this same conversation was, “That’s great. Do they have everything to you already or are you still missing items that you need?” (more…)