Perhaps you read my latest episode of REALLY??!?! regarding a missing portable microwave killing loan approval. Maybe you didn't. If you didn't, it's a fun read, and actually really funny...
Many of you asked how it turned out...Well,I sent off an email on Sunday morning with pictures of the portable microwave (with trim kit) along with the cubby...
I specifically asked the loan officer how the appraiser knew it was not a cookbook nook or an art niche (thank you Lenn Harley) and how the bank could require my clients to install PERSONAL PROPERTY into a house they do not own. I asked why the bank wasn't requiring a refrigerator.
The best part was that I actually included the PDF of the manual which read "GE 1.5 Cu. Ft. Countertop Convection/Microwave Oven".
Well, today, the underwriters WAIVED the requirement! YAY!
Buyers Agents - 1
Banking Establishment - 0
It just goes to show that you shouldn't accept the first answer you're given. And thank you to EVERYONE who chimed in and gave me great advice. The points you made were SO helpful and that's what I really love about ActiveRain.
Posted By: Christianne Gordon - Northern Nevada Real Estate Agent - Realtor with RE/MAX Realty Affiliates, specializing in Carson Valley Real Estate and Northern Nevada Real Estate .
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Christianne Gordon, REALTOR®, CDPE, SFR, , PSC, e-PRO
Certified Distressed Property Expert - Short Sales & Foreclosure Resource - Pre-Foreclosure Certified
RE/MAX Realty Affiliates - Great Nevada Homes, Inc.
Direct: (775) 881-8223
Visit us online at GreatNevadaHomes.com or CarsonValleyShortsales.com
The information in Christianne Gordon's blog is deemed accurate but not guaranteed. Any individual considering a short sale should also seek independent tax and legal advice to get specific information as it relates to their personal situation. Christianne Gordon is a licensed real estate agent with RE/MAX Realty Affiliates serving the entire Northern Nevada region including Reno, Sparks, Carson City, Washoe Valley, North Valleys, Fernley, Dayton, Stagecoach, Minden, Genoa, Gardnerville, Smith Valley and Yerington.
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You definitely have to be tenacious to get the job done. I'm thrilled that you did not take 'no' for an answer. Congrats on your win!
Christianne...
See! It does pay to fight for what you believe to be right. It just amazes me that this issue came up in the first place!
Christianne,
Sounds like I need to read the first post....but where will these lenders stop I ask?
Heaven only knows....
Hi Christianne, yay for this little victory......glad to hear it turned out well!
Christianne,
You need a new LO!
The market is tight, but this is absurd!
Bill
O ~ M ~ G
I thought my situations were absurd. Good going buyer's agent extraordinaire!
Bill - make no mistake, this was not my LO, it was the buyer's LO. Suffice to say they will not be working with him again in the future.
OK, I just got done reading the other post and this has to be one of the stupidest things I've seen from an underwriter in a long time. But, lately nothing has been surprising me with underwriters and appraisers.
Hi Christianne! I will go read the first post after I say here -- Congratulations! I love the score!
Congrats on helping your clients to get a clear to close. That is just stupid that they would hold up the closing for a microwave. Here that's often an upgrade.