2020-08-04
Good Mortgage Brokers made the Difference in Selling this Renovated St. Pete, FL Home

How Good Mortgage Brokers Made all the difference in selling this St pete, FL home

This sale is one for the books. My sellers are real estate investors who take pride in their work. They did a particularly beautiful job renovating this home and I knew this home would sell fast.

-- Listed and under contract in 24 hours! Then... Pandemic Shutdown... Boom! Contract down the tube.

-- Enter 2nd offer. The prospective buyer died.

-- Third offer. We are good to go. Pre-approval and assets verified solid buyer, and inspection and appraisal complete!

Then a week and a half before closing the bank denied her loan because of how their underwriter interpreted the FHA guidelines with the new covid overlays creating stricter guidelines.

I called in several of my best lenders for help. She was denied 2 more times. Then Frank Coto and Heather Matos at Lincoln Lending Group rolled up their sleeves and got loan approval.

A week before closing I get the call that this closing can’t happen until next month due to new FHA, IRA disbursement guidelines... EVERYTHING IS “FIGURE-OUTABLE” should be my middle name. I asked questions, was told things can’t happen but when I made phone calls and figured out a solution by thinking outside of the box.... good to go, right??? NOT!

This lender moves slower than many others and again they said it would be closing in August. An August closing was unacceptable as it would have cost my sellers a lot of$$$ out the window.

Frank to the rescue!!! He did his Frank magic, applied massive pressure and we closed July 31. Thanks to amazing teamwork it was a happy ending for all and frankly I could finally take a very deep breath.

The moral of this story is, for those of you thinking about buying, you need to work with smart agents and smart lenders. When it comes to financing NO does not necessarily mean NO. It just means NO for that lender. Hence, work with good people!

Call me or send me a PM when you are ready to buy, sell or invest. I look forward to helping make YOUR dreams come true!

727-350-7003

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