Submitted by Anonymous on Tue, 10/28/2014 - 14:10
mortgage financing
mortgage financing
our mortgage co. has ordered an appraisal on a house we put an offer on, but to date we still have not gotten a commitment letter and the seller is getting nervous
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How can they commit to a loan when they dont have an appraisal?
Sellers always get nervous - you are in a contract as long as you hold to it they can get nervous all they want - you have to allow time for things to go through - there is a reason they need 30-45 days
How long has it been so far? I am guessing not long since you said the appraisal was ordered?
Brian Barnes
ENG Lending Nationwide Loans
Brian@Aimwithfocus.com