Brokers dismissing investor support and lender prequal letters?
Anyone else have experience with brokers outright dismissing investor letters and lender prequals? Wondering if this is a greater trend or just a few ill-informed brokers.
I'm still early on in my process, but I've had 2 brokers outright tell me they won't consider letters from equity investors or lenders (not to mention others who might just not respond.)
This isn't to say I haven't gotten good responses from the rest, but it would be remiss for any broker to not consider every buyer that can put forward a legitimate offer for their client. In one of those cases, my PFS by itself was more than the 10% equity required -- wonder if some brokers just have an allergic reaction to these letters.