Joe  Petrowsky, Your Mortgage Consultant for Life (Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709)

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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

The eleventh hour waiting game is stressful for all involved.

Jul 14, 2015 11:22 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Joe -- I tell my buyers upfront to expect that there will be requests from the lender at the last minute and sometimes for items you have already submitted(and more than once).   Be calm - comply - and(hopefully) in 30 days(or whatever time frame) it will be over.   Hopefully....

Jul 15, 2015 12:29 AM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Joe Petrowsky staying on top of it makes all the difference. As I await for few commitment letters this week, keeping all parties informed - and should the extension be needed, it's ready.

Jul 15, 2015 04:37 AM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I often have LO calls where they say... I can't explain because of the privacy of the client but I think it will be satisfied in the next couple of days, but we're working on a condition to close.  And frankly I don't need to know the details, but I do need to know the honest truth about time lines and if it's going to likely (I know you can never be 100% sure) close or be canceled. We (agents and the seller) just want to be informed.

Jul 15, 2015 01:03 AM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Joe Petrowsky I agree, let them know right away. More important is that the buyer turn around the required information immediately. The delays are often with the buyers.

Jul 14, 2015 11:50 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Those last minute mortgage conditions cause a lot of stress for real estate professionals and their clients. I do not mind putting the burden back on the loan officer to get them resolved if the buyer and seller are cooperative.

Jul 14, 2015 10:49 PM
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

There is a big difference between 'letting my clients know' and causing increased anxiety. Saying 'Houston, we have a problem, but I can't tell you the details" acheives nothing.

If you don't have anything to say, the best policy is the bite your lip.

If something comes up, start with the solution(s), then the problem, then the time line, then confirm Plan B is in place. Your lender should have been selected BECAUSE they have a Plan B and C that assures the buyer and seller are not left at the alter.

Jul 14, 2015 10:11 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I always let my client know as soon as I find out . 

Jul 14, 2015 09:04 PM