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Updated almost 5 years ago on . Most recent reply

Shawn Melis's profile image
Shawn Melis's profile image
Shawn Melis
  • from Baltimore, MD
  • Member since Dec 14, 2019
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Shawn Melis's profile image
Shawn Melis's profile image
Shawn Melis
  • from Baltimore, MD
  • Member since Dec 14, 2019
Connect
Shawn Melis
  • Baltimore, MD
6
Votes |
23
Posts
Buying & Selling Real Estate

Lender Canceled Funding day of close

Shawn Melis
  • Baltimore, MD
Posted

I am working with a broker to fund a loan for a duplex in Baltimore...the lender being used by the broker is Visio Lending. We signed closing documents this morning, and at 1:45pm I got word the loan didn't fund. Sellers are willing to wait for financing to come through. Does anyone have any advice or has this happened to anyone else yet? 

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Kevin M Strong's profile image
Kevin M Strong's profile image
Kevin M Strong
  • from Lake Tapps, WA
  • Member since Jul 2, 2019
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15
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Kevin M Strong's profile image
Kevin M Strong's profile image
Kevin M Strong
  • from Lake Tapps, WA
  • Member since Jul 2, 2019
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Kevin M Strong
  • Lake Tapps, WA
15
Votes |
21
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Kevin M Strong
  • Lake Tapps, WA
Replied

We are heading towards a credit freeze.  All the smart money is out of the market and RE should be on hold my two cents.  

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