Real estate blog entries tagged with purchase agreement by Larry Morris, Oregon Mortgages (HomeStreet Bank)

Channels
Consumer
Professional
States
USA
- AL
- AK
- AZ
- AR
- CA
- CO
- CT
- DE
- DC
- FL
- GA
- HI
- ID
- IL
- IN
- IA
- KS
- KY
- LA
- ME
- MD
- MA
- MI
- MN
- MS
- MO
- MT
- NE
- NV
- NH
- NJ
- NM
- NY
- NC
- ND
- OH
- OK
- OR
- PA
- RI
- SC
- SD
- TN
- TX
- VI
- UT
- VT
- VA
- WA
- WV
- WI
- WY
Canada
- AB
- BC
- MB
- NB
- NL
- NT
- NS
- NU
- ON
- PE
- QC
- SK
- YN

Home : Blogs : Larry Morris, Oregon Mortgages : Oregon Home Loans : Tag "purchase agreement"

purchase agreement: Are You Commiting Fraud With Seller-Paid Concessions Pt 2 - 03/06/08 12:22 PM

If you are adding seller paid concessions on top of the purchase price in an amendment do not be surprised if the loan doesn't close!! This "common" practice has been a borderline fraud issue for a while. CWBC, has now made it official that they will no longer fund loans where the Purchase Agreement has been modified (increased) to cover seller concessions.
In an email from my Account Executive today:
"Purchase Price/Property Value
I want to make sure that you are aware of our policy regarding adjusting the purchase price of a property upward to cover the seller paid closing … (47 comments)

Related Links:

Larry Morris, Oregon Mortgages

Sherwood, OR

More about me…

HomeStreet Bank

Address: 16200 SW Pacific Highway, Suite Z-3, Tigard, OR, 97224

Office Phone: (503) 639-2459

Cell Phone: (503) 421-0096

Email Me

Relevant news and information about issues relating to Oregon and Southern Washington mortgages and real estate. These views do not represent the views of HomeStreet Bank.

follow me on Twitter

Listings

Links

Archives

Find OR real estate agents and Sherwood real estate on ActiveRain.

Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.

Twitter Updates