“Closing Date Set for 6/1/18”
It was not a misprint. A prospective client contacted me a few weeks ago after reading one of my blogs about qualifying for a mortgage after a short sale. After reviewing all of his information I let him know that based on current regulations he would not be able to qualify for a mortgage for two and a half years.
This morning I got a purchase agreement from a Realtor that was representing him that had a closing date of 6/1/18, which would take it to the three years that were needed. What are the odds of a seller waiting that long? Apparently this one is totally OK with it.
I can assure you I never expected this individual to find a seller who would agree, but he did. The purchase agreement has a $5,000 non-refundable deposit, a monthly rental fee 25% higher than what would be normal for a $195,000 home, so maybe the seller is not so foolish.
You just never know when you give someone a mission the creative ways they might just come up with a solution. Now that is what I call planning ahead for my future business.
Image courtesy of stuartmiles/freedigitialphotos.net
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Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.