CHAPTER 4 Real Estate Horror Stories To Learn From
You’ve seen frightening stories like this on TV. Perhaps you’ve heard about them from neighbors or co-workers, but you still haven’t witnessed anything like them yourself. Be warned. The first time is one time too many. Now that you’re in the market for your first home, or maybe a second or third, congratulations! Buying a new home is one of the biggest achievements for many people. Unfortunately, home buyers — especially first-time buyers — can be the victims of real estate horror stories. Absolute horror, from the buyer’s perspective. Here are a few examples. Andy & Jen were excited about making their first home purchase in 2020, in the Southern Utah, area. They had limited pricing options, to build. They found a great lot, got plans and were ready to build. They went to several banks and got preapproved for different amounts at various lower interest rates. After some deliberating, they decided to go with the lowest rate offered by their lender. They completed their paperwork and submitted it with their credit report deposit. The rate wasn’t their only deciding factor. Personnel had been friendly and great at communication, making them feel very comfortable about the process. Until now, suddenly it seemed as though the bank corporation dropped off the map. A closing process that should have taken 30 33
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