Swimming in a Sea of Verbiage!

WHAT TO SAY!  WHAT NOT TO SAY!

I am swimming in the sea of verbiage!

 

Positive Word Sheet

Can the loan officer pull me out of the treacherous waters?

Helping hand out of water

A recent home inspection uncovered two issues of concern to the buyer, one of which was  "mold" on the attic wall behind some old insulation that was sealed up with heavy duty plastic.  The inspector felt the way the insulation was installed, it caused moisture behind the insulation and created the goo on the wall.

 

We all know that in today's real estate market, underwriting has gotten very strict - no more rubber stamping those loans!

Everything is scrutinized with a fine tooth comb and magnifying glass.  We have to watch our words carefully.

 

In preparation of the repair request addendum to the inspection, I had a long conversation with the buyer's loan officer about WORDING.  What type of words would be flagged?  How could I accurately describe the issue to have it correctly repaired while not having the underwriting reject it?  I wanted to project my clients concerns without hitting the reject button and protect my buyer - all at the same time!

 

I don't like to use the word "mold" unless there has been actual testing and verified that 'it' is mold, I usually use the word 'substance'.  In speaking with my buyer's loan officer, he indicated their  underwriters would not like either word or any set of words that have to do with anything that might even remotely resemble "mold".  So we settled on (with the buyer's consent) remove the old insulation & wash and clean up any debris.   In addition, I've had a lengthy conversation with the seller's agent on exactly what the debris means and the seller is willing to get the job done.  

 

Navigating these uncharted waters can be difficult.  With the help of the transaction partners, it can be easier.  

I am praying for smooth sailing from here on out!

 

 

 

 

 Christine Pappas | REMAX Results | Ohio Real Estate

      Search Northeast Ohio Homes for Sale                   

 

 

REALTOR®, ABR, CDPE, e-ProOhio Luxury Home Expert

Women's Council of REALTORS®

 

 

Christine Pappas | Ohio Real Estate Agent

Serving the Greater Cleveland Area, Cuyahoga, Geauga & Lake Counties of Northeast Ohio

 

 

 

Find Christine Pappas at RE/MAX and Willoughby Homes for Sale Blog, news and events on Google+

Comment balloon 20 commentsChristine Pappas - REALTOR® • September 29 2010 08:41PM
Swimming in a Sea of Verbiage!
share
WHAT TO SAY! WHAT NOT TO SAY! I am swimming in the sea of verbiage! Can the loan officer pull me out of the treacherous waters? A recent home inspection uncovered two issues of concern to the buyer, one of… more
It's Dark - Turn on the Lights!
share
Do I really have to say this? Apparently so! It is getting darker earlier, Sellers Please Turn On Your Lights. So this is me pulling into the fourth house I showed this evening and all of them were in the same dark state! And as… more
Radon Gas - What's Okay?
share
Radon Gas is found in every day life, but What's Okay? One of my buyers had a recent Radon Test done on a home they are purchasing, which I always recommend to do. Typically I do… more
A Fun and Interesting Find in Mentor, Ohio
share
Looking for something fun and interesting to do in Mentor Ohio? /image_store/uploads/1/8/1/1/5/ar128553594751181. jpg" height="90" alt="Garfield Museum" width="120"… more
Search for Murder Suspect of Ohio Real Estate Agent
share
The hunt for the accused killer of a prominent Portage County Realtor has gone nationwide, Portage County Sheriff David Doak said Friday. Learn more of this story Robert W. Grigelaitis Anyone recognize… more
How to be a Social (Media) Butterfly on Facebook
share
I saw this post a few days ago by Jason Crouch and put it into action that very day and have done so every day since. This is a great piece of advice to keep you engaged with your friends on Facebook without spending too much time searching through… more
BE CAREFUL!!!!! BE SAFE!!!!
share
PLEASE - PLEASE - PLEASE BE CAREFUL! BE SAFE! HAVE A PLAN! Do what you need to do to be safe, especially now! Travel in pairs. If you have not met the buyers or sellers before, bring them into your offices, walk them around -… more
Sellers- Are your Buyers Courtesy Peekers????
share
Here's another great post from our staging partners. Kathy makes some great points here. I have been here many times with buyers - Courtesy Peekers and she is right about making your house a point of interest and keep the… more
"FLOPPING"
share
Here's a new term for you, if you haven't already of it FLOPPING FLOPPING is a new short sale term and is considered to be short sale fraud. Freddie Mac has issued a warning against Flopping and State Licensing… more
Have You Heard of Surround Sound?
share
You may be thinking of the Surround Sound speaker systems people can get for their home and car, but in this case I am referring to the phenomenal program by National Association of REALTORS. The program was created in early 2008 to… more