I have been hearing many of you talk about Lender issues the last couple of weeks. Wanted to let you know that if you are dealing with outside lender issues you are not alone. This is an area we will really need to stay on top of for our clients, especially as listing agents. We need to do our due diligence when contracts come in, monitor the progress throughout and be ready for hiccups as closing day approaches. To be honest the no name Broker or big Banks do not care about us or our clients. We have been in a refinance market and now we are heading into prime closing season for purchases, it appears there is a bottleneck at many of the banks. We are also in a rising interest rate environment which puts additional pressure on the Brokers and Banks to close their pipelines before lock periods expire. Buckle down, stay on top of things and be ready for anything. We are very fortunate to have to local Lenders that take care of us affiliated with our offices.
Enjoy the coffee,