Caterina Platt
Senior Member
- Joined
- Jan 17, 2002
- Professional Status
- Certified Residential Appraiser
- State
- New Mexico
My report currently reads: The two page document dated 6/20 was submitted to the appraiser for analysis. No atypical terms in the agreement were noted with the exception of the Ameridream Contribution of $12,000. In the contract analysis section.
And this in the section pertaining to concessions:
Seller is to contribute $12,000 to The Ameridream Foundaton for the benefit of the buyer's closing costs and downpayment requirements.
The LO is stating thier underwriter requires only this verbiage in the section regarding concessions: Seller is to contribute $12,000 to The Ameridream Foundaton.
Seems to be a problem regarding my statement about the buyer's downpayment and closing costs. This shouldn't be a problem in my book.
Am I being stubborn regarding not removing the verbiage? Note: this loan officer has been very shaky. Word has it she re-wrote the purchase agreement (I kid you not. Took the contract matter into her own hands and took the buyer/seller from a Realtor's approved form to her own 2 page quickie. The Realtor was floored. Practicing real estate without a license from several states away.) The LO moved the closing date up two weeks for her own benefit (no one else needed to close by 6/30 but it HAD to be moved says she). I don't trust this woman as far as I can throw her. She won't put the request in writing, can't show me the underwriting guidelines that supposedly require this, but demands the change.
And this in the section pertaining to concessions:
Seller is to contribute $12,000 to The Ameridream Foundaton for the benefit of the buyer's closing costs and downpayment requirements.
The LO is stating thier underwriter requires only this verbiage in the section regarding concessions: Seller is to contribute $12,000 to The Ameridream Foundaton.
Seems to be a problem regarding my statement about the buyer's downpayment and closing costs. This shouldn't be a problem in my book.
Am I being stubborn regarding not removing the verbiage? Note: this loan officer has been very shaky. Word has it she re-wrote the purchase agreement (I kid you not. Took the contract matter into her own hands and took the buyer/seller from a Realtor's approved form to her own 2 page quickie. The Realtor was floored. Practicing real estate without a license from several states away.) The LO moved the closing date up two weeks for her own benefit (no one else needed to close by 6/30 but it HAD to be moved says she). I don't trust this woman as far as I can throw her. She won't put the request in writing, can't show me the underwriting guidelines that supposedly require this, but demands the change.