Thursday, January 26, 2012

Another One Bites the Dust!

I had a closing today on a bank owned house in Kuna. It took a bit longer due to some of those mortgage issues you hear about. The first thing was the underwriter for the buyer's loan in looking at the title decided that it would be considered a "flipped" house even though the bank was the seller. Didn't make much sense to me but my opinion is not what counts on these things. So a 2nd appraisal was ordered. Then the underwriter decided that there was some repairs that needed done beyond was was called for by the appraisers, it appears the buyer's agent had something to do with that. It was not the only questionable activity pulled by this agent in this transaction, but it is done and it is time to move on to the next.

Speaking of next, I just received back an accepted counter offer on a cute listing in the Boise'e north end.  So business moves on.

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