5880 E Calle Val was listed today for $595,000 and, while it seems like a nice enough house, I’d be surprised if it got many showings.
You see the listing stipulates that prior to showing it, your buyers, who at this point are really only lookers, must present a completed LSR. And presumably, it'll have to pass muster with the seller and/or their agent.
SHOW BY APPT ONLY-MUST HAVE LSR PRIOR TO SHOW, FAX TO …
ESCROW W/FATCO, M. HESTEKIN
An LSR is a Loan Status Report and it’s completed by your lender or mortgage broker. It has the name and signatures of the buyers/borrowers, the property address, the amount of the loan, how much they’re putting down, the interest rate, the term of the loan, the type of loan – conventional, FHA,… - how far along they are in the lending process, the lenders name, address, signature and more.
They’re submitted when a buyer makes an offer to purchase a home. Will buyers go through all that rigamarole just to have a look. Yeah sure.
