Lawrence Kansas Real Estate

Fannie Mae No Longer Accepts Generic Pre-Approval Letters

When I learned that Fannie Mae No Longer Accepts Generic Pre-Approval Letters, I had already received the generic pre-approval letter and had written up an offer with dates in it that were based on not having to add 48 hours or more into the mix.

It turn out that Fannie Mae wants the lender to state, among other things, that they have reviewed the buyer's IRS 4506-T which takes about 48 hours to request and receive.

Buyer beware:  Now that Fannie Mae No Longer Accepts Generic Pre-Approval Letters, your offer is going to take two days longer to submit.  If you are wanting to be best prepared to get your offer in first on a foreclosure, best bargain property, it would be good to have me explain to you ahead of time the value of having the following items in your pre-approval letter before that "best deal" becomes available.

Here are the additional items now required on Fannie Mae properties pre-approval letters:

•1.     We have reviewed the IRS 4506-T.

•2.     We have reviewed the most recent paycheck stub and W-2's.

•3.     We have reviewed the buyer's credit report for credit worthiness.

•4.     We have reviewed the most recent bank financial statements for acceptable funds for closing.

•5.     We have reviewed the borrower's income to obtain the borrowers ability to repay the loan.

Lawrence Real Estate and the surrounding area best buys, foreclosures, motivated sellers, best bargains in homes for sale is what Rob Lang specializes in so buyers are not leaving any money on the table.

Thanks and "Don't keep me a secret--I'm never too busy for your referrals!"
Rob Lang, CRS, ABR, ePro, GRI, CFPS REALTOR®
Sellers www.MLSPlease.com (Marketing homes to 2 MLS's, to over 10,000 websites, and virtual tours, and a $1,495 full service listing side option to save home owners thousands of dollars when they sell their home)
Buyers:  Property Searches www.AskRobLang.com
http://www.tokbox.com/Rob0709 to Video Conference with me
Blog www.ActiveRob.com
At Home Kansas (Serving Lawrence, Eudora, Baldwin, Topeka, Olathe, Tonganoxie, Leavenworth, Kansas City, McLouth, Wellsville, Ottawa, Berryton, Tecumseh, more)
785-393-2274 (cell) 206-339-3199 (fax)
Info@AskRobLang.com

Just another reason why buyers should be working with Rob Lang, At Home Kansas, 785-393-2274 because he lets you know about things like Fannie Mae No Longer Accepts Generic Pre-Approval Letters

Thank you for visiting my blog, www.lawrence-kansas-homes-for-sale-real-estate.com is my website with free property searches of Lawrence, KS area Houses For Sale.

 

You can sign up for email alerts of homes within YOUR search criteria.  Be the FIRST to know when a listing hits the market!

 

Call, email, or text me with your search criteria (city or cities, minimum bedrooms and baths, is garage or basement required, and price range).

I will set up a self updating website that shows just your property matches and you can mark them "Favorite", "Possibility", or "Reject" for easier viewing.

 

You will love the advantage this gives you over other buyers for the same property!!

 

When you are ready, please feel free to ask me for more information on properties that interest you.  

I can find out how much the seller paid for the house and when, the county appraisal and the county building material quality.  

I can send you the seller disclosure, get plats, aerials, flood plain info, covenants, etc.  

I'm all about information to help you make the wisest decision you can.  

Please know I am here to help when you need me!

 

Do you have a house to sell?  

I have lots of listing options to choose from,

I am the ONLY local Realtor who lists on all 3 MLS's (Lawrence, Kansas City, and Topeka),

has a seller narrated video, has a virtual tour, and who lists your house on more than 10,000 websites.  

This means you will not receive better marketing anywhere else.  

I am also known as the toughest negotiator in the area for my clients.  

Let me show you how your house compares with other comparable houses "Active" on the MLS

right now and how long it should take to sell based on comparable SOLD's in the past year.

 

Thanks and "Don't keep me a secret--I'm never too busy for your referrals!"

Rob Lang
CRS, ABR, ePro, GRI, CFPS REALTOR®
At Home Kansas
CODE: 10724

785-393-2274
Fax : 206-339-3199
Web : http://www.AskRobLang.com

www.DouglasCountyOpenHouses.com for Seller Narrated Videos

Email : Info@AskRobLang.com

300 Rockfence Pl

Lawrence KS 66049
United States

Sellers www.MLSPlease.com 

(Marketing homes to 3 MLS's, to over 10,000 websites, seller narrated videos and virtual tours,

and a $1,495 full service listing side option to save home owners thousands of dollars when

they sell their home) 
Buyers: Property Searches www.AskRobLang.com 

Blog www.ActiveRob.com 

At Home Kansas (Serving Lawrence, Eudora, Baldwin, Topeka, Olathe, Tonganoxie, Leavenworth,

Kansas City, McLouth, Wellsville, Ottawa, Berryton, Tecumseh, more)

This communication is provided to you for informational purposes only and should not be relied 

upon by you. At Home Kansas is not a mortgage lender and you should contact a mortgage lender

directly to learn more about specific mortgage loan products and your respective eligibility for such

mortgage loan products.

   

NOTE: This blog was written in the past about properties on the market at the time

of the blog being written and should not be considered as active listings beyond the

date of this blog.