You do Your Job and I'll Do My Job!
This is something I was told during a recent transaction. I had told the lender to not order the appraisal until after the inspection period was over. I always tell lenders this because I don't want the buyers' appraisal money to be used if they decide to back out after the inspections. The day before inspections, the lender confirms the appraisal was ordered. WHAT?! Why would you do that.
He starts asking the buyer if they would back out, and they kept saying they weren't sure because they didn't have inspections yet. The lender kept telling them not to worry because it would only matter if they backed out. EXACTLY!! The buyers could back out for any reason they want during their inspection period.
I called the lender and told him to cancel the appraisal because we weren't sure we were moving forward. There were a couple of issues that needed to be negotiated with the seller.
"You do your job and I'll do my job"... Excuse me, but the biggest part of my job is to make sure my buyers have a smooth transaction. There is nothing smooth about a lender spending money that isn't theirs in order to potentially lose it if the buyers decide to buy a different house. It is also my job to keep the buyers calm and they are not calm when someone else is spending their money when they've been told not to!
My job has a very long description, much longer than a mortgage person's job. Don't tell me to do my job when you can't even do your own job. I'll write the story next week, but this transaction closed more than 2 months late because this mortgage person didn't know how to do his job!! My poor buyers stuck it out. Stay tuned for the story and the Wells Fargo bashing!!
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Austin TX Real Estate and the surrounding areas of Lakeway, Bee Cave, West Lake Hills, CedarPark, Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in between... Hill Country Austin TX Real Estate and beyond. Whether you're buying or selling an Austin home, I'll be with you every step of the way.
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Copyright© 2012 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
* My Job Has a Longer Description Than Your Job! * was first published on donnahomesblog.com.