banks: Surely people wouldn’t do that? Yes they would, and don’t call me Shirley
- 07/21/08 04:05 PM
Have you ever had a buyer sue you? I haven't and I'm glad for that, but more and more people are starting to sue when things don't go their way. In the last two weeks I've read of at least three cases where a person who bought a property in 2005 and 2006 were now suing their agent and the appraiser for paying too much for their homes. There's another situation where people are suing a person who agreed to do a lease option with them because at the end of the lease they decided not to buy and now wanted their … (6 comments)
banks: Divorce and your home…What should you do?
- 07/16/08 04:37 PM
Yesterday I got a call from a person who is friends with one of my clients. She had a question about her home and if one of the two people on the title could sign over the title to just one person. I asked what the reason was for taking the person off the title and if they were on the loan. She said it was because she and her husband were getting a divorce and that they wanted to transfer title to the other. I then asked to whom the title was being transferred? I told her that the title would change, … (6 comments)
banks: Did we go to far the other way?
- 07/06/08 03:45 AM
In 2005 and 2006 everyone who had a name could get a traditional mortgage, but then the economy changed, and prices started to fall. Homes are now worth less than they were when people bought them. The mortgage industry is in turmoil and things are looking more and more uncertain each and everyday. Today we have loan guidelines changing 3 or 4 times a day and even the underwriters can't keep up with all the guideline changes. But at the same time even when a qualified buyer produces a down payment and has a good credit score, they still won't sign off … (15 comments)
banks: The bank that could not close!
- 08/23/07 04:57 PM
This is really an update to a blog I wrote earlier this week and the mortgage broker even states, "I didn't get the blue ribbon". http://activerain.com/blogsview/180493/YEP-I-did-it Promise after promise was given and the bank never could produce the docs and my client has just given up. Even the banker has given up and after we asked him to hand over the file so we can give it to another bank that can close, he bowed his head and said, "I don't blame you." I am not going to mention this bank's name quite yet, but I will, more than likely, next week. What … (6 comments)
banks: Getting a bank to cooperate with a short sale
- 08/16/07 11:51 AM
First of all, what is a short sale? If you are behind on your payments, a short sale is where the bank is willing to take less than you owe, so you can avoid going into foreclosure. One of the problems with a short sale is getting the bank to say yes to a short sale. They are losing money after all, but if you can give them a reason to accept it, then it can be better for your finances. If you have owned a home for more than two years in the Portland area, than more than likely a short sale … (7 comments)
Helping Families Home is a blog set up to help families find that perfect home for them. I have a family and I understand how hard it can be to find a home that everyone is happy with. Let me help you find that home and help your family home.
Have you ever had a buyer sue you? I haven't and I'm glad for that, but more and more people are starting to sue when things don't go their way. In the last two weeks I've read of at least three cases where a person who bought a property in 2005 and 2006 were now suing their agent and the appraiser for paying too much for their homes.
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