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Updated about 8 years ago,

User Stats

26
Posts
2
Votes
Sarah Pratt
  • Haslet, TX
2
Votes |
26
Posts

77 days later and buyer's were just denied financing

Sarah Pratt
  • Haslet, TX
Posted

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?  

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