FL MORTGAGE BROKER: so typical of what we have to deal with

[Account Closed]

Have a borrower pre-approved for a loan program and on a very specific purchase scenario.  Basically, she will not be able to purchase a home without seller concessions ...PERIOD!

She came to me by way of referral from a prior client and her realtor (who I don't know)  is a friend of her sister (wonderful), so like an idiot, I did not push the Realtor Rebate program and getting her to switch to one of my rebate realtor partners. 

Anyway, after weeks of prior time and a lot of effort to get her credit scores re-scored and other issues cleaned up, and weeks of listening to her realtor, like a yapping yorkie constantly asking for an update,  I finally had her ready to go shopping for a home.

I made it 100%, Neon Flashing Sign clear to her realtor that we need $9000 in seller concession to pay closing costs on whatever she purchases with a MAX sales price of $298,000.

Okay Ms. "experienced" Realtor, again, no more than $298,000 SP and in lieu of a discount off the sales price , you simply need to negotiate $9000 seller credit to pay her closing costs, you got it? 

..."Steve, I've been selling real estate for 15 yrs, I know what I'm doing." "Blah, Blah, Blah

So after all that time and effort I have invested in my borrower and after the very specific instructions on how the deal must be structured and weeks of dealing with non-stop stupid questions from her realtor, I get this

MLS list price: $319,900

Contracted sales price: $312,000

Seller Concessions: $0

This is what we in the mortgage business have to deal with on a daily basis!

What to do now? 

First, I'm going to fire her realtor for her.

Second, I'm going to refer her to one of my Rebate realtor partners who know what the heck they're doing and who follows instructions!