t have been too long, considering the amount of detail that I had to go into.That said, I'm going to break it down into at least three, easy to digest segments:
Today's Topic:
Hook up with a "for-real" loan officer.
Not someone who wears a head set and plays nerf basketball for some 800 based or internet based mortgage company. If you are a member of the public reading this and not a real estate professional, get on line and find a real estate agent that does a fair amount of business in your area. Call them, tell them what you're looking to accomplish and see if they can refer you to a loan officer who might be willing to work with you on this project.
Not all agents, particularly the busier ones are going to want to work with you. Th
at's okay, ask them for a referral to a less busy agent that they think has a head about them. The same holds true for the loan officers. You will need to balance out how busy they are with how much they are going to be able to help you. After you've found the loan officer who you are comfortable with, it's time to pull a credit report. Be sure that the loan officer pulls a "Tri-merged" report with public records checked! This is important! One of the free ones you get each year or one that you buy on the internet for $6.00 isn't going to cut it. Besides, I full-blown tri-merged report shouldn't cost you over $20.00.
I'm going to cut this post off at this point..... Now go out and find a good agent and loan officer. Oh, and once you find one of each who is willing to work for you, return the favor! Get some of their cards and keep your ears open for people you know who can utilize their services. One hand washes the other!
One more thing...damn, it's hard not to be long winded here......if you're in the St. Louis real estate market, I do both real estate and mortgages and would love to work with you in getting your credit situation cleaned up. ;-)
Bob Mitchell
ValueList Real Estate Services, Inc.
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