“No Pressure”



“No Pressure”


Hi Joe,

“I pray you will be able to help us, because as you will see we are barely able to keep ourselves a float for the last 20 years. Moving would help us so much!”


I consider myself pretty savvy to know different loan products and how to figure out the best way to get a transaction done, but I am not willing to BS my way into or through a transaction.

This transaction is definitely something considered outside of “normal”. I wish I could fully understand what is normal and what isn’t. I suppose if the normal mortgage closing process has been taking too long for anyone getting a mortgage, than anything that is outside of normal will just take much longer.

After I reviewed the credit history, I let this client know what the challenges would be and what needs to be done to correct some of the issues and that I need to review this situation with a few lenders to see which one(s) would be interested in the mortgage.

Fortunately two lenders said they would entertain a mortgage application, but NO guarantees. Lenders that do mortgages that have challenges take longer, as there are just more hoops. I recommended that they allow 8 weeks for this transaction to be safe and realistic. I gave the client a pre-qualification so that the home search could begin.

I received a call from the Realtor they would be using and she informed me that she had never heard of such a thing and that her loan officer hadn’t either. I can’t explain the financial situation of the client, so just explained that this is how long it will take. We are starting off on the wrong foot for sure. Hope it gets better from here.

Situations like this are never easy but we’ll work through it to make sure the client becomes a homeowner.


 Image courtesy of Scottchan/freedigitalphotos.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

Email: joe@righttracfg.com



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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.

Comment balloon 22 commentsJoe Petrowsky • August 24 2015 06:15AM


You have the patience and are great a problem solving, so I know it will work out.  Keep us posted.

Posted by Debbie Gartner, The Flooring Girl & Blog Stylist -Dynamo Marketers (The Flooring Girl) almost 4 years ago

Joe, maybe they have the right loan officer and wrong Realtor! Enjoy your day! 

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) almost 4 years ago

If I needed advice from a trustworthy Lender, I would go to Joe Petrowsky too!

If Joe gave me some advice, I would listen and do as he says.

He's a great Financial Consultant and someone I highly recommend. 

Posted by Patricia Feager, MBA, CRS, GRI,MRP, Selling Homes Changing Lives (DFW FINE PROPERTIES) almost 4 years ago

If anyone can figure this one out, you can.  That buyer is lucky they contacted you.

Posted by Kat Palmiotti, The House Kat (Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com) almost 4 years ago

I think this Realtor needs to understand that when it comes to the loan, you are the expert and she needs to rely on your advice.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) almost 4 years ago

Good morning, Joe -- good luck with this client although I'm wondering about the statement "we have barely been able to keep ourselves afloat for 20 years". There seems to be something else going on with this scenario.

Posted by Michael Jacobs, Los Angeles Pasadena 818.516.4393 almost 4 years ago

Good morning Joe.  Interesting job you have ahead of you.  However we have confidence in your ability to get them where they want to be.

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty) almost 4 years ago

From the agent side, I can understand the surprise of the 8 week time line and I would be suspicious if it came from ANY OTHER LO.  But, since Joe Petrowsky said it, I would just go with it!

Posted by Jenna Dixon, Empowers You With a Better Real Estate Experience (DRA Homes | Cobb County Real Estate ) almost 4 years ago

Joe, hopefully we shall hear good news in 8 weeks or so, and this client will close on a home.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (House to Home, Inc. - Denver Real Estate - 720-231-6373) almost 4 years ago

If there is a way you will find it Joe but it will be done the right way. Have a Terrific Tuesday.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) almost 4 years ago

Some transactions must really be a test of your patience. 

Have a great day!

Posted by Roy Kelley (Realty Group Referrals) almost 4 years ago

Good morning again Joe. Without knowing the full history it is stupid to make judgments. 

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) almost 4 years ago

Joe Petrowsky Ask the agent if she ever heard of a deal that feel through because the LO that said everything was OK but didn't know what he was talking about?

Some things jst take a little longer to get it right.

Bill Roberts

Posted by Bill Roberts, "Baby Boomer" Retirement Planner (Brooks and Dunphy Real Estate) almost 4 years ago

Joe, it's surprising that even Realtors don't always understand why a mortgage for a client with credit issues...or whatever...will take longer. As you say there are more hoops to jump through...more obstacles that require time to resolve.

Posted by Nick T Pappas, Madison & Huntsville Alabama Real Estate Resource (Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Huntsville AL) almost 4 years ago

Anyone that wants to know how the process works...should definitely be calling you!

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Home and Condo Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) almost 4 years ago

Joe I always get a kick of the comments some people make (especially the "I have never heard of such a thing") without knowing the whole picture. 

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) almost 4 years ago


Ah, the arrogance of ignorance, I could hear it in your post...Just because you have not heard of it, doesn't mean it does not exist!  All in a day's work...I hope all goes smoothly for your client.  A

Posted by Ron and Alexandra Seigel, Luxury Real Estate Branding, Marketing & Strategy (Napa Consultants) almost 4 years ago

If anyone can get this done, you can, Joe. I can't wait to hear how this all turns out. 

Posted by Debbie Laity, Your Real Estate Resource for Delta County, CO (Cedaredge Land Company) almost 4 years ago


Sounds like someone is in the middle madding the water.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) almost 4 years ago

Joe, I am sure that if anyone can get the job done for this client, you are the one to do it.

Hopefully this agent will grow to appreciate your talents soon.


Posted by Bob Crane, Forestland Experts! 715-204-9671 (Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities) almost 4 years ago

 We only trust loan officers we know or have researched their reputations...the agent might rty that first before deciding that "her" loan officer is correct.

Posted by Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce (EXP Realty 414-525-0563) almost 4 years ago

Joe Petrowsky - Well done. I hope you can get them to the finish line.



Posted by Thomas F. Scanlon, CPA, CFP (Borgida & Company P. C., CPA's) almost 4 years ago