Austin TX Real Estate - Hill Country Austin Lakeway Homes for Sale: Don't Talk in Circles with Me; Just Tell me the Truth!

Don't Talk in Circles with Me; Just Tell me the Truth!

Why do some people feel the need to talk in circles instead of just saying what it is they need to say?  Talking in circles is just going to get you in trouble, especially if you don't remember the weave of the web that you created and your double talk really starts to sound "stupid".

I've been working with these buyers for a few weeks now.  We were supposed to close last week, but we've come up with an issue of obtaining Mortgage Insurance.  To say the least, the mortgage person has sent updates almost every day for 2 weeks saying things like, "Once we get the Clear to Close, which should be today, we'll have docs same day."

We've been expecting the Clear to Close for 2 weeks now!  Something new comes up everyday.  Just Friday, they decided they didn't like an adjustment made on the appraisal. How long have they had the appraisal?  2 weeks!

The builders contract calls for closing costs, but it states that the seller contribution is "up to" such and such dollar amount.  The underwriter requested an amendment for it to say that the seller's "maximum" contribution is such and such.

Don't those two things mean the same thing?  They both mean that the seller can give this amount, or they can give less.  What it should say is that the contributions "are" or "is" this amount if they want something definitive.

I have the Branch Owner involved in this file, so hopefully we'll get it closed. The buyer did not use one of my recommended mortgage professionals as he found this guy on his own.  I always caution that, but the buyer was comfortable... until last Friday.

The rate has been extended until this Friday.  They have 3 days to get docs turned in as this is a mail-out to the buyers out of state.

No loans are fully approved until they have docs at the title company!

Comment balloon 10 commentsDonna Harris • August 24 2009 03:21PM

Comments

Is that you in the Blog picture?? How did you get your hair that curly??  Anyways totally agree with your Blog.   I just had 3  15-day extensions on a HUD contract becuase of the saying "We are waiting for"   No use to sugar coat it, just tell me the truth and let me decide what steps or I can inform my clients and they can do the same. 

 

:)

Posted by Adan Aguillon (Clark Realty & Associates LLC) about 9 years ago

Some buyers just think they know what's best for them.  One of my agents had a deal fall through because the buyer was not going to let the listing agent tell them who to get their mortgage from.  The house was a small waterfront home on the Eastern Shore and those are hard to appraise and get mortgages on unless you use a local bank.  Needless to say her mortgage person couldn't get the job done so now they are back looking at properties and still insisting on using this guy for a mortgage.

Posted by June Piper-Brandon, Piecing Dreams One Home at a Time (Remax New Beginnings ) about 9 years ago

Donna - I know how you feel and why are people so picky, just speak up and make things happen?

Posted by Robert Vegas Bob Swetz, Las Vegas Henderson Homes for Sale (Realty ONE Group) about 9 years ago

Terrible situation I say.  Hope it works out in the end. 

Posted by Angelia Garcia (Pure Realtors) about 9 years ago

Donna,

I don't make recommendations for inspectors, home warranty companies, etc; however when it comes to a good loan officer I have no problems making that recommendation.  I bet your buyer wishes that had taken you advice.

Posted by Richard Weeks, REALTORĀ®, Broker about 9 years ago

Donna: Good advice. I would say no loans are fully approved until they've funded! Thanks for the post.

Posted by Paul McFadden, Pest Control, Seattle, WA. (Paratex) about 9 years ago

Adan, No, that's not me, but my hair usually is that curly, actually.  I like to straighten it, which is my profile picture.

June, What's this thing called "pride"?

Robert, Exactly!

Angelia, I hope so.  We got more excuses this morning.

Richard, Yes, he has voiced that a couple of times.

Paul, True, very true.

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) about 9 years ago

That sucks Donna. I hope that you receive the final CTC soon. Nothing more frustrating than waiting for a lender to give the final APPROVAL. So true that nothing is completely approved until Docs are at the title company.

Posted by John Cannata, Texas Home Mortgage - Purchase or Refinance (214-728-0449 http://TexasLoanGuy.com) about 9 years ago

John, We did finally get the CTC yesterday, and docs were supposed to be in today, but they weren't, so my clients are actually flying in town tomorrow night to make sure things are signed before Friday for funding as the rate lock expires... again...

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) about 9 years ago

Nothing more frustrating than not being able to control the file while at the lenders. Unfortunately, I've been there before. Maybe not quite this long, but certainly I've had delays witht his one specific lender that I tend not to use often now.

Posted by John Cannata, Texas Home Mortgage - Purchase or Refinance (214-728-0449 http://TexasLoanGuy.com) about 9 years ago

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