Real estate blog entries tagged with approval by Ken Cook, Web Dev, Brand Strategist 678-439-8683

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Home : Blogs : Ken "Yes You Can" Cook : Superior, HandCrafted Web Apps : Tag "approval"

approval: Pre-Approval, Approval, Conditional, Cleared - What the ____?! - 10/24/09 01:49 PM

Ancient Mortgage Proverb: No deal is ever 100% certain until the loan is completely paid off.
There exists a chasm in communication, familiarity and point of view between agents and loan officers. Sometimes we try to act like it does not exist and we really wish it was not so. I know this chasm exists, just as you do for many reasons, because I have had real estate agents - very good agents - try to convert to loan officer at my companies and I have seen this chasm immediately appear. Sales are fairly and generally black and white, go or … (67 comments)

approval: When A Deal Is A Deal - The Smoke and Mirror Saga (Cue Violins) - 12/13/07 01:56 PM

Once upon a time a deal was a deal at the time of the handshake. That is precisely why I shake hands when the deal is completed. I just got off the phone with a real estate broker who brought a deal to me out of Florida. It sounded like a really great deal but she could not understand why I was not jumping up and down.
Purchase price $25million. Value (so "they"say) $53million. It is 53 condo units in Florida. Could be accurate. Her partner said, "it's a lay down". The buyer is a foreign national bringing $12.5million to the closing … (5 comments)

approval: Four Hour Approval? Hardly - 10/25/07 12:26 PM

In a time of much needed transparency and truth in advertising I would think all Active Rainers would be very cautious with the words they choose to use in advertising - especially on Active Rain. Unfortunately I see it is not so. A fellow rainer is advertising a FOUR HOUR APPROVAL. They don't exist - well, not from the first phone call.
Four hour pre-approvals, yes. Four hour approval on a conventional, FHA or non-prime loan isn't possible unless all of the supporting documentation including title, insurance, appraisal, supporting borrower documentation including assets, income and credit.
So, unless you already have the appraisal, … (6 comments)

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Ken "Yes You Can" Cook

Marietta, GA

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Ken Cook, Web Dev, Brand Strategist 678-439-8683

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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.