Special offer

QUESTION

By
Mortgage and Lending with Free America Realty

i'm a real estate broker

i want to open a branch of a bank

do i have to give up my real estate lic to do that

the reason i ask is because HUD

i know  the state department or the banking department does not care IF YOU DO BOTH

but what about HUD

i want to do fha loans but i HEAR THAT IT IS BETTER TO GIVE UP YOUR REAL ESTATE  LIC TO DO FHA LOANS

DON'T TELL ME TO ASK A LAWYER

I HAVE BEEN GIVEN 3 DIFFERENT ANSWERS FROM 3 DIFFERENT LAWYERS

JUDITH

Comments (9)

Karen Monsour
Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL
REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

I think that would a really good question for your lawyer......Reading your post, without being grammatically correct, makes me thing you need to contact a lawyer... JMO.

Jun 10, 2008 02:36 PM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Karen, you made me laugh. To open a bank you need a lot of money, and not a lot of grammar (LOL)

Jun 10, 2008 02:42 PM
judith boggio
Free America Realty - Patchogue, NY

THANK YOU JON

THE BLOG WAS WRITTEN FAST

NEEDED A ANSWER

YOUR BLINK ABOUT ME KAREN IS NOT VERY NICE

I DO VERY WELL IN THIS BUSINESS

I OWN 8 REAL ESTATES

AND NOW WANT TO OPEN 3 BRANCHES OF A BANK

 

Jun 10, 2008 02:49 PM
Karen Monsour
Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL
REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

Jon,

I know, but there is also the intelligence quotient...I mean, come on...I was being as funny as this post...and I still think if you want to open a bank, you would have a REALLY GOOD LAWYER, AND NOT NEED TO ASK AR...SEE MY POINT????

Jun 10, 2008 02:49 PM
Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate

Hmm. It sounds like this is venturing into the area that NAR keeps fighting, to keep banking out of real estate, so they can't gain a monopoly and put the little guys out of business. Wouldn't this be in that area?

Jun 10, 2008 02:50 PM
Karen Monsour
Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL
REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

Sorry then, I guess it's obviously a language barrier of sorts...I still recommend you seek legal counsel and not the opinion's on a blog...If you are doing well, then why don't you have a high end lawyer helping you to do so?  If you need one, I can reference for you.

Jun 10, 2008 02:53 PM
judith boggio
Free America Realty - Patchogue, NY

I ASKED 3 DIFFERENT LAWYERS ..GOT THREE DIFFERENT ANSWER

WHY DON'T YOU ASK YOUR HIGH END LAWYER..

OH..DID YOU KNOW FLORIDA IS THE NUMBER 2 STATE IN THE COUNTRY ..WHERE PEOPLE ARE LOSING THEIR HOUSES

LOTS OF SMART LAWYERS/REAL ESTATE AGENTS DOWN THERE

Jun 10, 2008 03:02 PM
Karen Monsour
Coldwell Banker Fort Lauderdale Beach - Fort Lauderdale, FL
REALTOR, SSRS - Sells FL Waterfront, Short Sale Expert!

No "Lend America". I was going to give you one from up north, not one from here...

They are losing their homes due to the 2005 market...not due to the lawyers....

The balloon mortgages from the past is what is hurting people right now, that is why the situation is what it is...

If you contacted three lawyer's and got three different answer's then those three are not who you should work with.

If you want a good lawyer, I can give you a reference. Not sure if he work's in your state, however...he may come out of retirement to help you.  Email me if you want a fantastic lawyer.

Sorry you are having such difficulties.  and, WOW, you are angry...why?

Karen

Jun 10, 2008 03:10 PM
"Tommy" Decebal
HomeSpector Inc. 516-851-5833 - Farmingdale, NY
Adamescu Long Island NY MASTER Home Inspector

July 4, 2008


Dear Judith,

As celebration of our nation's independence begins around the country, I just wanted to wish you Happy 4th of the July and all the best.

So enjoy time with family and friends this weekend and as always, remember those men and women serving our great country to protect our freedom!

"Tommy" Decebal Adamescu

 Long Island Building Consultant

 HomeSpectorInc.com

Jul 03, 2008 05:55 PM