My seller accepted an FHA offer $66,700 to purchase his home. The buyer was represented by Creative Concepts, broker Sandy Williams. The buyer's mortgage company was AXIS Mortgage Company, 182 E 16 St, BK#0902741, Loan Officer Minerva Celaya. She prequalified the buyer for a loan 8-10-04 and then denied him for the same loan 9-20-04 due to the fact he already had an FHA on his first residence that he was keeping. Took her 30 days to notice this. The buyer asked for an extention until 10-4-04 to obtain other financing. The seller agreed if the buyer would pay all inspections if not closed by 10-4-04 and that $2000 would not be paid toward the buyer's costs.
It was agreed by phone but the buyer never signed any papers so the deal went dead 10-4-04.10-04-04, Sandy Williams from Creative Concepts sends a fax asking for a walk-thru on 10-18-04.10-5-04, the Seller took an offer for $69,000 and put it in escrow at First American Title. 10-7-04, Stacey J Borgerding, under authority of Dan Fauth of Yuma Title, closed on the first contract, charging the Seller $2000 for the buyer's closing costs, plus all the inspections and having him sign papers saying that they were not responsible for any contracts he completed.
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