Now this is getting Ridiculous

 

Moses Lake Real Estate….Yep I said it, I’ve gone there, I’m shaking my head in frustration.  The banks right now are so busy trying to cover their butts that they now have addendums and contracts to sign for EVERYTHING.  Just recently I have

j0414039 been inundated with paperwork from the banks that now I as the agent have to sign.  Here sign this thing saying there are no other addendum other then what you sent to the bank already.  Here sign this that says you know the client gets their earnest money back if the appraisal comes back low.  Isn’t this a transaction between the seller and the buyer?  Why the heck do I need to start signing my name to these things?

Along with this has come more inspections.  Brand new house? We still need you to get the septic inspected by an outside source.  Community water system?  We don’t care we want the flow rate for it.  It has seriously gotten to the point of virtually ridiculous.  Banks can’t seem to find the middle ground for real estate.  They are so busy right now with CYA that they are going to make everybody else responsible for their bad lending practices and absolve themselves of all responsibility.

Maybe I’m just over-reacting to the stacks of FHA documentation I had to go thru and sign today.  It’s frustrating to see perfectly legitimate transactions go sideways because the banks think that you crossed your eyes wrong at them.  The scary thing is though is that I don’t think we’ve even seen the worst of it yet.  Bring it on banks, I will see your craziness and deal with it through gritted teeth and a smile.

If you are looking to Buy or Sell Real Estate in Grant County I would love to Help!  Call or text me at 509-760-7733

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Posted on October 27, 2009 at 4:14 am
Heather Adkinson | Category: Moses Lake, Real Estate | Tagged ,

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