BUYER MUST BE APPROVED BY XYZ MORTGAGE COMPANY. WHO BENEFITS? - 07/30/09 08:50 AM
My wife Jennifer, a 25 year veteran loan officer. Had a borrower approved with Wells Fargo. She was acting as a mortgage broker. The buyer writes the contract with her Realtor, but the lender holding the note required the buyer to start over and apply for a mortgage with their bank....pure BS!
Via Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate:
BUYER MUST BE APPROVED BY XYZ MORTGAGE COMPANY.  WHO BENEFITS?
What is behind all of the listings that say "buyers must be approved by "XYZ mortgage company". 
These third party lender requirements are included in about 1/3 of the … (0 comments)

Have We Kicked Mortgage Brokers to the Curb Too Soon? Why Mortgage Brokers Will Survive - 07/30/09 07:33 AM
good wrting but i love those picture inserts
Via Janet Guilbault California Mortgage Banker/Broker:
Today I got an e-mail asking me this:  Are mortgage brokers going to survive this economic meltdown?
My answer is YES, and it comes from my experience as an AUTO BROKER.
Over the last 25 years , franchised auto dealerships here in California have done everything in their power to get rid of auto brokers.
Because dealers held all the power (money along with an organized lobby) and auto brokers were small, independent business people, guess who got the most attention from the lawmakers in Sacramento?
Politician thinking: "Money from the big guys? Or protect consumer choices?" Hmmmmm...what … (0 comments)

FBI Hauls in over 530 Financial Executives/Loss Mitigators For Prosecution... - 07/27/09 11:42 AM

Via Greg Nino Houston Texas (RE/MAX West Houston Professionals):
Numerous S.W.A.T teams raided Bank of America, Washington Mutual, General Motors and other financial institutions. Among the 530 arrested, 225 were short sale department employees. Many of the executives were caught on the golf course, with their mistress, or on their $35,000 toilets. One BOA Exec was reading his autographed copy of "The Smartest Guy In The Room"  before being yanked off his very expensive elongated toilet.
As I understand it, these folks were immediately escorted to a large holding cell where they were immediately punched in the stomach over and over again.

 
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The Sins Of A Seller - 07/24/09 08:30 AM
I love this...I have gotten these before also...idiots
6. Price-itis - The fear that your home wont sell for the price you are asking for it.  I put in an offer on a home that was only $5,000 under what was being asked.  The counter came back with a reduction of $1,000, but a clause to pay $4,000 in closing costs.  Now, I may be bad at math...but, isnt that the same damn thing???? 
Via Clint Miller (Real Estate Client Referrals, LLC):
Many of you know that I recently bought a home. 
And, for those of you that don’t know that … (0 comments)

203k Made SIMPLE? Yes, for your clients.......... - 07/17/09 05:49 AM

Via Colleen Craig (Southern California Mortgage Professional):
203k MADE SIMPLE?
Ok, maybe not, but I will attempt to make it as simple as possible for the client to understand and want to read on.  For many of us in the business who are " in the know"  we forget that we need to go back to the basics and spell it out in simple terms for others to understand.  So I've compiled some information based on my most recent commonly asked questions just this week.
In Southern California, FHA loans were just not utilized over the past 10 or so years because of the FHA Maximum Mortgage … (0 comments)

Understanding and Using All of Your First Time Home Buyer Options - 07/15/09 02:27 AM

Via Steve Kappre, Gloucester County, NJ Loan Officer/Mortgage Planner - 856.419.3561 (Treasury Mortgage):
With all the excitement of the first time home buyer tax credit, buyers often get confused and miss out on other important options. As a first time buyer, don't let the excitement of the $8,000 tax credit cause you to miss out on many other home buying options. It isn't uncommon for a buyer to confuse the federal tax credit with seller credits, down payment assistance, or first time home buyer grants.
First time home buyers have many options.  Utilizing one option does not hold a buyer back from … (0 comments)

 
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Dana Devine

Apollo Beach, FL

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Charles Rutenberg Realty

Address: 947 Symphony Isles Blvd, Apollo Beach, fl, 33572

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