Buyers switching loan companies

Today I got some very interesting news from the loan officer from the buyers of one of my listings.  She informed me we would have to extend the contract date at least one week...  Understand this house has been under contract since Nov 16th with a close date of Feb 18th. The house is listed at $459,900 and the buyers had a pre-qualification letter from loan company “A” and I have talked to that company several times.  Now, loan company “B” is handling the loan and they, the buyers, had to start from ground zero with this company.  Company “B” just came into the picture about 5 days ago and they are doing a great job trying to get the buyers to get all of the paper work they need.... Why did the buyers switch loan companies? I talked to the buyer agent and she did not know anything about it.... WOW.

As a listing agent, I always try to stay on top of the buyers loan... But for some reason, the buyers just switched companies with 2 outs, bottom of the 9th and the count was full... I just do not understand at all why someone would do this. But as far as I can tell from the new loan officer, they are going to close this deal...

I guess I am just venting a little... As if anyone really cares. The trials of a listing agent continue.

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Remember, Danny Frank is a local Pearland, TX Real Estate expert! You can see my entire blog at:  https://www.pearlandrealtyblog.com