I am already prequalified with my lender, why do I need to do the same with the seller?
In today’s Phoenix Real Estate FAQ Kristin LaVanway and Dean Ouellette discuss why some sellers require a buyer to be approved by the seller when they already have their own prequalification from their lender of choice. The reason the seller, usually a bank in a foreclosure, requires it is because there are many LSR’s (prequal letter) that are not worth the paper they are written on. But if they were honest with you they would tell you the real reason they want a prequal with them too is they want your business. Would love to hear your thoughts, you can leave a comment or e-mail me Dean Ouellette.
















