Buyer is an co/owner of $200,000 property (financed property). We were told she wanted to purchase our $100,000 home, but only approved for $95,000 therefore we entered a contract for that amount. We now know buyer is a person who does not claim tips she makes to IRS & therefore her debt to income ratio is probably the problem. During the time of the mortgage being made, she purchased numerous amounts of furniture and pool table for the house which could also be the reason she did not get financed. I can't seem to get the who story from realtors to know what is what. (both realtors are within same agency) Is this a hopeless situation? I have lost lots of time 2.5 months & money, as we've moved as mortgage company told us it was approved & we were definitely closing. This information can go with previous question written about this today. thanks for any help
2007-06-27
05:14:59
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6 answers
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asked by
memyselfi
2
in
Renting & Real Estate