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No ... However, I take a close look at the pre-approval and always call the lender to check the application status. If something does not sound right, I require a pre-approval from a trusted lender that I recommend.
Granite Bay, CA
Absolutely no no no no way. They can get their money where ever they are able. Thats conflict of interest and in our MLS would not be allowed in the listing.
We don't do that
your best answer is below in my opinion. call the lender on the letter. * be super diligent of hard money or the like. good question.
Good morning Caroline. I see it when there are bank owned properties, otherwise not anything we see.
I leave the lender choice up to the buyers. If it's a non traditional lender, I ask for a lot of information.
No, the only time one of my Sellers asks for a second opinion is when a buyer is qualified by an online lender or a local lender with a reputation of not getting the job done.
Absolutely Not. It is their choice for a lender, just like it is for inspectors.
No I don't but when I listed REOs some of the asset manageres required it and it always made the buyers mad and the agents too.
Only if required by the seller
I don't require it unless there are specific challenges with the property, such as hoa litigation, low owner occupancy rates, etc.
No I will call the buyer lender as soon as I receive the contract. I want to ask questions. If this lender can not answer of is not knowledgeable I will have the seller counter they buyer needs to call my dedicated lender.