Posted on: 06th Sep, 2008 06:43 am
Hello,
My wife & I placed an offer on a forclosed house.
Broker is only giving us a verbal approval on our offer by email.
This does not sound right to us.
We want the house and would like to confirm our accepted offer & get things rolling.
How can we (if possilble) put a little pressure on the Broker to give us an "accepted" offer?
My wife & I placed an offer on a forclosed house.
Broker is only giving us a verbal approval on our offer by email.
This does not sound right to us.
We want the house and would like to confirm our accepted offer & get things rolling.
How can we (if possilble) put a little pressure on the Broker to give us an "accepted" offer?
Hi jbbcd,
All I can say is, a written document acts as an evidence in case of any problems while you are in a financial transaction. The broker knows it very well. There's nothing much you can do to explain it to him. I suggest that you look out for some other broker or lender and make sure he's willing to provide you with written approval.
Take care
All I can say is, a written document acts as an evidence in case of any problems while you are in a financial transaction. The broker knows it very well. There's nothing much you can do to explain it to him. I suggest that you look out for some other broker or lender and make sure he's willing to provide you with written approval.
Take care
since the property in question is bank-owned, there is a very strong possibility that the contract in question is being held up by the lender's bureaucracy.
what your broker has failed to do is properly represent the situation to you. it's worth asking if the hold-up is on the lender's side, however; or if your broker is simply not sophisticated enough to understand the situation.
what your broker has failed to do is properly represent the situation to you. it's worth asking if the hold-up is on the lender's side, however; or if your broker is simply not sophisticated enough to understand the situation.
