Many buyers across the U.S. are looking for Weston Florida Real Estate for sale. If you give me the opportunity....you will see that you chose the right Realtor® in Weston Florida
for the job.
It is our job to help direct the sellers through the process of getting to the closing table and we try to point them in the right direction. Making all the arrangements for the seller is my job and I do it well. When I go on a listing appointment I always ask the seller if they have a mortgage and is there any prepayment penalties on whether they can't sell for the first 2-3 years of ownership or they have the same issue because they didn't realize when they refinanced or they had a penalty as well.
The reason why I make sure I find this information out is from a past experience I had. A few years ago I had a client that had a problem before the closing with her payoff. I always try to get a draft HUD 24 hrs before the closing just to make sure there aren't any surprises. When I saw the HUD 1 I asked the title company why there was an additional $11,000 on top of the regular payoff. They said the client had a prepayment penalty.
I approached my client and she said she was told by the loan officer that there were no penalties. I asked her what happened and she said she needed to get an equity line on their home. She intends she was misled and instead of an equity line the LO refinanced the whole 1st and added the extra to the first instead of just adding a second. She said she never asked for that type of loan. So I asked her if she had it in writing and to check her note. She said she didn't have anything other than the loan officers verbal notification and when I saw her note...it said she had a pre-payment penalty and it was a bad situation. She kept saying said she was misled and that all she wanted to do was take a 2nd ,but as I mentioned earlier the whole first was refinanced instead. When we tried to negotiate with the bank...they refused and the loan officer was no longer working there. Apparently he was fired HUMMM...
Just so everyone understands me....this is about informing the public that when they are applying for a loan they should ask questions before they sign something. If you are looking to work with a proffessional in the state of Florida... who you can count on to disclose this type of information you might want to consider working with these two gentlemen Matt Blum and David Podgursky. You will not go wrong....but you'll have to read the rest on my outside blog.
You can check out the rest of this article at The Real Deal Tells it like it is in Real Estate
For more information about Weston Florida Real Estate please Neal "The Real Deal" Bloom
Weston Florida Realtor (954)608-5556 or nealb63@myacc.net
RE/MAX Hometown
2500 Weston Road ,Suite 103
Weston Florida 33331
The Real Deal tells it Like it is in Real Estate-copyright © 2007
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