Insider Discussion – Buyer Is Denied Mortgage at Close!
Insider Discussion – Buyer Is Denied Mortgage at Close!
House closed, money transferred, but buyer got denied?!?
Yes, it happens! Lenders can pull financing last minute. Always have a backup plan and don’t hand over the keys until funds are secured!
I hope this information was helpful! If you are considering buying or selling a home, I would love to talk to you. I am a seasoned agent with over 24 years of experience in the local real estate market. I would love to be able to get you the financial result you desire from your current home to get you in to that Dream Home! Don’t hesitate to call me anytime at 260-579-1516 or you can email me at mike@mikearchbold.com.
The Deal Closed… Then the Lender Pulled the Plug?! Here’s How to Protect Yourself as a Seller
You accepted the offer.
The buyer signed the papers.
The home is closing.
You breathe a sigh of relief…
And then—BOOM 💥—you find out the buyer’s lender backed out?!
Yes, it can happen. And when it does, it’s a mess.
Here’s how deals can unravel last minute and how you, the seller, can protect yourself from getting caught in the chaos.
🧨 How Can a Deal Fall Apart AT Closing?
We’re not talking about cold feet or inspection drama. We’re talking about a loan that gets pulled at closing because:
- The lender missed a key verification or made a mistake
- The buyer’s financials changed suddenly
- Fraud or false documentation was uncovered
- Final conditions of the loan weren’t actually met
Sometimes, the closing happens, but the funds never arrive—or worse, the deal is legally challenged.
🛡️ Ways Sellers Can Protect Themselves
1. Always work with a strong, experienced title company.
They’ll verify that funds have been received before handing over the keys or recording the deed.
2. Don’t hand over possession until funds clear.
Even if you’ve closed and signed, make sure the wire hits your account or the title company confirms funding before the buyer gets access.
3. Ask your agent to vet the buyer’s lender.
Not all lenders are created equal. If a buyer is using a sketchy lender, it could spell trouble at the finish line.
4. Use a closing checklist.
Your agent should help you keep tabs on every step of the process—including verifying funding.
Why Does RE/MAX Results Stand Out Among the Competition?
Simply put: Relationships. We pride ourselves not only in our professional service but more importantly in the personal touch we bring to our business. Has an agent/lawyer/contractor/vendor ever treated you like you were just another paycheck? The reason our clients come back time and again and refer all their friends and family to us is because they know we are part of the family.
Genuinely caring about the people we serve enables us to do things other agencies can’t. Rest assured, we will ALWAYS have your best interest at heart and work vigorously to get you the best deal possible on your home or business. The relationships we build with our clients enable us to work 100% by referral.
The reason we are able to give top notch service to our clients is because our clients refer us a constant stream of quality family and friends to assist in their real estate needs. While other agents are out making cold calls and chasing “potential” leads, we are freed up by our referral base to service our clients like no other broker can. We are never too busy for your referrals!
Want to experience the difference for yourself? Call or text me today at 260-579-1516.
“Professional Service with a Personal Touch“
We’re Here To Help
Are you or someone you know considering a home purchase? Don’t hesitate to call or text me, Michael Archbold, at 260-579-1516 and I will connect you with the best mortgage professionals in the business who can get you your score, discuss ways to improve it if necessary, and put you on the path to home ownership. Click here to read more about our Buyer Services. Click here to browse listings NOW! Looking to sell your home? Call today to set up an appointment to begin developing your customized marketing plan. Click here to read more about our Seller Services.
Hoosier Home Listings by RE/MAX Results is a full service real estate Web site serving Northeast Indiana. We assist residential and commercial clients in locating, buying, and selling real property in the State of Indiana including but not limited to the counties of Allen, Huntington, Wells, Adams, Whitley, Wabash, Kosciusko, Noble, Dekalb, Lagrange, Steuben and cities including Fort Wayne, Decatur, Bluffton, Huntington, Warsaw, Columbia City, Butler, and Angola. RE/MAX Results is an Equal Housing Opportunity company.
Hoosier Home Listings – Insider Discussion – Buyer Is Denied Mortgage at Close!…
… brought to you by Michael Archbold, Hoosier Home Listings, and RE/MAX Results.
The consummate professional, Michael Archbold (Associate Broker, REALTOR, ePro) brings a diversified background to the world of real estate. Born and raised in Fort Wayne, Mike graduated Wayne High School in 1992. He received bachelors degrees in Accounting in 1997 from Indiana University and Information Technology in 2005 from Indiana Wesleyan University. Mike comes to Re/MAX with more than 20 years of experience in sales and accounting. He began his career in real estate in 2000 as an investor.
