The Realty Chick of California

OK, really it's just me writing. But my late Father, who was a 2nd generation broker and taught real estate to many of my peers here in the north SF bay area, always said "Never Give Up!". I spent years being the typical adolescent believing I had all the answers, but now at the young age of 51, ...

I recently had a transaction where the buyer provided a loan pre-approval letter.  He expressed that he owned several properties, at least 2 of which were "upside down" (under water), and one of which was his primary residence.  It is unusual too get an approval for a new purchase if your current...