Well the MBA announced today that mortgage applications are up, [Thanks L!] but just because folks are applying for a mortgage, doesn’t mean they are getting one. Take, for example, this listing sent to me by M. [MLS# 2792750] It’s a 3 bedroom 2 bath in Mesa, AZ- with an asking price of $198,500:
It seems to have received a lot of attention from buyers, in spite of the large tumbleweed in front of the fence. [Not an insurmountable problem to fix, I guess] But M sent it to me because of these comments in the property description:
**just fell out of escrow 4/3/07** **just fell out of escrow for the 5th time (6/25/07)! Make sure that your buyers are qualified!!!**
