cooperation. A closing process that should have taken 30 days or less turned into several months of waiting and required an additional $20,000 deposit. The lender ran her in circles until the seller told her that the deal was over if she didn’t find another solution. Luckily, the seller’s real estate agent referred her to another lender and helped her obtain another loan (at a higher interest rate) much more quickly. It turned out the first lender was a scammer. In another case, Ron and Jenna were planning to upgrade to a new home. After a long search, they found it—or so they thought. The bright and colorful kitchen, open living and dining areas, three bathrooms, high ceilings, a fireplace, and even a covered porch made the home seem perfect. They were especially thrilled that the price was only $235,000. In their opinion, that was a steal. They signed the contract and were in the house a little more than a month later. Less than six months later, the horror story began to unfold. Jenna was cleaning one of the bathrooms when she noticed tiny little ants with wings. Following Ron’s advice, she called an exterminator. When he arrived, he delivered the first blow—these winged creatures weren't te rmites, not ants . Th e exterminator went under the house to assess the damage. He found that not only was the floor under the bathroom completely infested, but also the other two bathrooms... and the infestation was spreading to more of the house. The total cost of repair for this problem came to over $12,000! That’s a tough amount of money to have to unexpectedly come up with after putting up a down payment and moving expenses for a house you’ve only had for a few months. It's actually lucky
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