On 31 Mar 2005 11:31:24 -0500, someone wrote:


I would show "Lender A" the offer of the 5.5 from "B" and ask if they
will match it. If they say no, you can walk.

Good idea. BUT - he ends up walking, if Lender A has incurred costs
such as an appraisal based on the Buyer's previous directive that he
is now reneging on, than Buyer SHOULD be liable for those. He can
switch but its gonna cost him.

Also an xxample of why not to get hysterical. Lender B was not
"refusing" (i.e., intentionally and with knowledge) to answer his
e-mails. Instead they had a personnel change and contacted him as
soon as it was strightened out. Also an example of why NOT to rely
solely on e-mails - if he had picked up the phone, he may have gotten
it going with Lender B much quicker.


Reply to NG only - this e.mail address goes to a kill file.