I live in Seattle, WA., and put an offer on a condo in the beginning of April. The price is $585K.

Since April, I have been trying to get financing so that I can complete the purchase. It is June 12, and I am still waiting.

I have a good job, paid my taxes and invested for retirement . My assests are not liquid...which leaves me asset rich and cash poor.

I have prefect credit scores, never had a late payment of any kind and an excellent income. The problem is: the down payment!

It seems, because of this mortgage mess, borrowing against my own property is OUT OF THE QUESTION.

I qualify for just about any mortgage--except that I do not have the down payment due to the fact that my savings are not liquid.

I am so upset and worn out trying to make this purchase work, I am exhausted! It seems that my hard work over the years of a perfect payment record, excellent credit, wise investing and a good job have not helped me a bit.

On 6/7/08, on the front page of both newspapers in Seattle were articles about this very thing. Banks and mortgage companies are so busy with their sub-prime messes that they are ignoring the good credit risks.
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