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mortgages: New Year's Eve Mortgage "Surprise"? - 01/11/10 08:55 AM
 
 
The mortgage crisis is still a nightmare.  As a real estate agent for 29 years I try not to have surprises for my customers but, it seems that this market keeps them coming. My client was putting down $90,000 on a $134,000 home. Wouldn’t anyone think that was a slam dunk? Wrong: Turned down because the house to be purchased was a flip only purchased 93 days before contract.
Yes it appraised. The owner had purchased it on the court house steps, fixed it up and put it back on the market for market price.  But, because it was … (2 comments)

mortgages: Interest Rate Shopping Pitfalls - 08/12/08 09:36 AM
It is a fascinating world of mortgages.  I find that you need to be an accountant to be able to compare the figures and loan costs between lenders. They can quote a great rate but then have huge back end fees that are amazing.  Then they try to justify by saying they are normal.  NOT!
Many of these banks with foreclosures are asking the buyer to be pre-qaulified thru their lender or in the case of Countrywide (themselves).  I actually had an agent ask my buyer to fill in their social security numbers on a form that I was to fax … (0 comments)

 
Lindahead Rainmaker_large

Linda Flack- Cape Coral, Fl

Cape Coral, FL

More about me…

Royal Shell Real Estate

Address: 1870 Clayton Ct., Fort Myers, Fl, 33907

Office Phone: (239) 689-7653

Cell Phone: (239) 910-0345

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