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buyer lost job

No Job, No Mortgage; No Mortgage, No Closing

The Last Step Before Closing, Pre and Post-Coronavirus [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.  If you need legal advice, please consult an attorney.] Once upon a time — like, this February — the last significant...
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No Job = No Mortgage = No Closing

“Maybe We Can Find Them a Job!” Thankfully, it happens relatively rarely — especially near the holidays — but it does happen. Namely, a Buyer all set to close on the purchase of a home loses their job, and no longer qualifies for the mortgage. No mortgage means no closing, and no closing means canceling moving...
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