Tag Archives: Some Sellers Choosing Preferred Lenders

In some situations, a buyer puts in an offer on a home and they’re discovering that the seller already has lined up a potential mortgage lender for them, in an effort to help get all parties to closing smoothly and without delay. “Some sellers are finding lenders willing to provide financing for an eventual sale even before they put their condos or co-ops on the market; they then add language to the sales contract requiring buyers at least to obtain preapproval from the seller’s preferred lender,” The New York Times […]