Private financing, rate buy-downs can rescue sale

Part 2 of 2: How to close deal when lender says 'no'

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(Read Part 1, “Low appraisals kill sales in today’s market.”)

A slowing real estate market, a credit crunch and an increase in foreclosures means that mortgages may be harder to obtain. What can you do when the lender turns down your qualified borrower?

Last week’s article looked at how to handle a situation where the appraisal comes in low on a property.