Mortgage Loans and Rabbit Holes

October 26, 2011

As with these types of deals we have additions to our typical line to include short sale departments and lawyers and probably too many moving parts. These machinations tend to get a little gunked up unless every single move is checked and lubricated.

As a mortgage professional I completely understand why the short sale lender needs to confirm that the buyer is willing to pay more money for the house. The short sale lender needs to know and have the ability to re-negotiate the short sale once they know the buyer is willing to pony up more money. The lender needs to get as much as they can to mitigate the short sale. However…I don’t believe these transactions should ever be about lining a lawyer’s pockets with outrageous fees.

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Not So Fast My Friends

October 10, 2011

You would think that because our country’s veterans made personal sacrifices to defend and protect the United States that we wouldn’t pull a fast one on them wouldn’t you? Well, apparently the VA is all about bad magic tricks and pulling nothing but empty promises out of their shiny black hats.

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What Does Your CPA Say?

September 30, 2011

Today’s borrowers are different too. A larger percentage carries heavier baggage and less than stellar credit scores. Some borrowers, (more than you would think) are not even packing a W-2 – the standard statement for yearly income reporting. Certainly the economy and subsequent job losses have compelled many “ex-employees” to become business owners. And while being self-employed has tremendous benefits; you need to follow different qualification rules when buying a home. One of them involves getting “permission” from your CPA.

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Let’s Hear it for the Team

September 21, 2011

I am not just some figurehead who delegates tasks to a team of subordinates; a huge part of my success and the fact that there are so many new homeowners on our watch is because of the support I receive from the back office and the underwriters and our management. It’s not just because they’re professionals, it’s because we share the same business ethics and that all-important sense of urgency. If I had to make a list of tips for people in the mortgage (or any industry!) on how to provide the best possible service:

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Two FHA Loans Can Be Better Than One

September 15, 2011

Hey all you Realtors out there…I think you know I’ve always had a great deal of respect for how difficult your job is. You really bear the lion’s share of responsibility for getting a real estate transaction underway: § You unravel client wish lists to ascertain what they’re really saying § You conduct comprehensive searches [...]

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