|
Thu, Jul 5, 12 at 17:08
| A house listed by a realtor, is listed as is and cash only. Why does it matter to the seller if the buyer gets a mortgage or not? The only thing that comes to my mind is that the house won't qualify because it has something really wrong with it. But I have no idea and no one to ask. |
Follow-Up Postings:
|
- Posted by palimpsest (My Page) on Thu, Jul 5, 12 at 17:56
| Right now where I live, you cannot get a mortgage on a house that does not have a working furnace, a kitchen, or at least a 3/4 bath. It could be something like this. |
|
- Posted by barbcollins (My Page) on Thu, Jul 5, 12 at 18:21
| Is it a foreclosure? Many banks will not give a contingency for getting financing. When we bought our last foreclosure we had to prove that we had the funds available before they would accept the contract. |
|
| It is usually because the agent knows that the house will not qualify for financing for various reasons, as palimpsest said. |
|
| Not a foreclosure as far as I can tell. I figured it was something like palimpsest mentioned. |
Please Note: Only registered members are able to post messages to this forum. If you are a member, please log in. If you aren't yet a member, join now!
Return to the Buying and Selling Homes Forum
Instructions
- You must be a registered member and logged in to post messages on our forums.
- Posting is a two-step process. Once you have composed your message, you will be taken to the preview page. You will then have a chance to review the contents and make changes.
- After posting your message, you may need to refresh the forum page in order to see it.
- It is illegal to post copyrighted material without the owner's consent.
- HTML codes are allowed in the message field only.
- No advertising is allowed in any of the forums.
- If you would like to practice posting or uploading photos, please visit our Test forum.
- If you need assistance, please Contact Us and we will be happy to help.