Poor buyers. First the prices were too high, then the interest rates were to high. Finally stuff started to make financial sense, and then they ran into too many buyers, not enough inventory….it’s enough to drive people to drink!
Now that things have sort of “settled out”, we’re facing another dilemma. Banks are having major difficulties processing loans in a timely manner. New, stricter guidelines have made a loan officer’s job into a calendar nightmare.
With the clients that I have that trust me to recommend a lender, I’m moving them to Master’s Team Mortgage out of Folsom. They are one of the very few that have kept up with all the new regulations and know how to get an escrow closed in the required time frame.
