Quote:
Originally Posted by 399083453
Since banks require a copy of the contract, I don't see how it would be possible to get a mortgage without the proper paperwork, especially the most basic piece of paperwork, the contract. Sounds like the buyer is still getting pre-approved, but at a more in depth level.
Doesn't sound like a serious buyer to me. I wouldn't be surprised if this deal falls apart.
Ask for a copy of the pre-approval letter in 24 hours. See if they even completed this step.
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Yep.
OP: This buyer can give you his pre-approval letter if he has one. If that's going to make him "walk away", then he was never a buyer in the first place. Why on earth would your realtor act like that's normal?
I'm actually more concerned about your realtor at this point - she's jerking you around, and I wouldn't trust her. What kind of realtor discourages a seller from pushing for a signed purchase contract as soon as possible?
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