Do not use Prospect Mortgage

This is now getting to be comical, the buyers have now dropped their mortgage company Prospect Mortgage and are back with the first guy who quit Prospect Mortgage because they were so messed up. We are starting the process all over except we are stuck with the Appraisal because the buyers are FHA buyers and we have to keep this for 6 months. We have agreed to new terms with the buyers and are not paying all their closing cost. We expect to close at the end of the month but we re not holding our breath. If you are a buyer or seller and Prospect Mortgage is going to be the buyer’s Mortgage company run for the hills, they are horrible.

About Gordon Milligan

I am a retired conductor for a commuter railroad in Chicago IL, I now live in and have bought a 40 acre farm in South Central Iowa that I have built from the ground up. My wife and I are trying to raise and grow most of my own food using sustainible and organic methods. I have a blog that journals my journey to becoming a farmer.
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7 Responses to Do not use Prospect Mortgage

  1. Zephyr Hill says:

    Well, I’m thankful you’ve at least gotten to the point that you have a prospect other than Prospect! Being able to name them means you’re done with them, and I guess that’s one small step forward. So sorry this has been such a horrible experience, and I hope you’ll have the best Christmas present ever–closing on your house!

  2. Thanks Susan, We are done with them and thank God. This has been a total nightmare. I hope when we start to build our home on our farm it goes much better then this has.

  3. purlygirl2 says:

    Run for the hills is the polite way to put it.

  4. Scott says:

    Hang in there. Good Luck

  5. Bill says:

    Ugg. So sorry you’ve had to endure all this. Hoping all goes well from here on out.

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