I'm not really a "grumpy old man". I love puppies, nice sunny days, being alive - being alive, good friends, etc. but sometimes I can't help myself - I hate seeing people in distress get ripped off. And yeah, I know, Amy might have a different opinion on the G.O.M. deal J
Attached below is a notification from our ‘mother-ship' company, Universal Lending. It's fairly innocuous in what it states - that even though FHA will grant waivers to its 90 day ownership anti-flipping rule, investors won't buy loans made to … (1 comments)
colorado real estate: Back to Basics - Mortgage 101
- 11/24/09 06:38 AM
In case you’ve been hiding under a rock for the last 18 months, this is my opportunity to share with you what to expect when getting a new mortgage loan. Each loan file is scrutinized by about 10 different people. Don’t let that scare you, just be prepared for it. Make sure you disclose everything to your loan officer. Technology has enabled us to pull complete background checks if necessary. If you don’t disclose upfront, chances are when the “peeling of the onion” progresses, undisclosed issues may arise. Let me give real life examples: • A client comes to me, I … (4 comments)
This will be no surprise to Colorado Licensed Loan Originators, but as a real estate agent, or borrower, it might be news to you. When we started this "walk down the aisle" with State regulation and licensing of Mortgage Loan Originators approximately 11,000 individuals signed up to become licensed. It was pretty easy: fingerprints, clean CBI report, Broker's Bond, and E & O Insurance. Next step was for the State to mandate education and testing. The 4,560 licensees referenced below are the previously licensed individuals who have not, for whatever reason, complied with the Colorado requirements for … (4 comments)
SHORT SALE SCAMS AND;)
;)
