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Updated over 8 years ago on . Most recent reply
![Sarah Pratt's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/533538/1621482763-avatar-sarahp18.jpg?twic=v1/output=image/crop=1613x1613@131x33/cover=128x128&v=2)
77 days later and buyer's were just denied financing
Some of you may have read my posts here
https://www.biggerpockets.com/forums/311/topics/35...
and
https://www.biggerpockets.com/forums/311/topics/36...
Thought I'd let you all know that today, 77 days past the day we signed a contract with the buyer's, underwriting came back and said the buyer's were denied financing. They claim that the male buyer hasn't been at his job long enough and he isn't a stable buyer. The man has been at his job 8 months and in the same industry for a long time. His previous company closed down and he even went and took a picture of the outside of the building to prove it was closed! Underwriting kept telling the loan officer if they did x, y, and z we would get a clear to close and even a few days ago said it would be coming any day now. Then today, denied.
Thoughts? Solutions?
Most Popular Reply
![Russell Brazil's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/120988/1621417798-avatar-russelltee.jpg?twic=v1/output=image/crop=303x303@52x0/cover=128x128&v=2)
Many lenders will not lend to you if you havnt been at the same job for 2 years.
Part of the roll of your agent is to screen the offers. What makes up the strongest offer often is the highest offer, but the ability to close. A preapproval letter from a strong lender with a reputation for closing deals is one of the most important aspects to an offer package.
- Russell Brazil
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- Podcast Guest on Show #192
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