Lender Fell Through and Closing is Coming Fast

[Travis Bronson]

I have a signed contract which is set to close on Friday the 14th, however, my lender fell through. Is there anywhere I can find a hard money lender or private lender that would be able to close by then?

[Chris Mason]

Originally posted by @Travis Bronson:

Originally posted by @Eric Veronica:

@Travis Bronson what type of inspections. Often time sticking it out with the current lender is the best bet. 

 The initial inspection noted previous termite damage, but no activate infestation, so they wanted an additional termite inspection. They also wanted an additional electrical and plumbing inspection as the the initial inspection was completed with those being turned off. 

The current lender isn't an option if they can't close on Friday. We have to close regardless, so it's either find a new lender or I have to put up 100% of the cash.

 If you have the cash, buy it cash and slap a mortgage on it afterward, once you've addressed whatever caused you not able to get the mortgage today (sounds like it needs to be fixed up a bit).

Read this: https://www.fanniemae.com/content/guide/selling/b2...