Yesterday was a busy day. Since the listing I have been getting up at 5 AM. I have been trying to get a refugee family approved for a mortgage for a few weeks. I think they would have qualified last year but the prices are up. The first problem is the language barrier. The best English speaker is their 15 year old son. The father actually speaks some English and I can usually communicate. I tried finding a loan officer who spoke Swahili but that didn't work. My loan officer is dubious. She will meet with them but probably more of a … (1 comments)
loan: The market is rising and I need to think outside the box
- 02/19/20 06:53 AM
Here in the Treasure Valley of Idaho we have a scarcity of homes. In Ada county we have a 15 day supply of homes. The prices our rising quickly. Many of my buyers are being priced out of the market. They are being squeezed for rent and do not make enough to qualify for a home. I have always liked getting people into their first homes. I have two buyers who are older. Last year it would have been easy this year it is not. I have lived here since 1991. Homes have always been affordable now I realize I could not … (11 comments)
loan: I hate dealing with big banks
- 12/30/11 05:20 AM
I hate dealing with big banks. It started a couple of months ago. I had new clients that came with their own loan officer. They wanted to deal with their "own" bank. The bank is Wells Fargo. The loan officer seemed competent and had been recommended by their previous real estate agent. They asked what my opinion was....My opinion is that my loan officer can get a loan done in about 2 weeks and that big banks have lots of hiccups where one department does not deal well with the other departments.... Somehow this always makes the loan take 2 or … (7 comments)
Client number 1 not my actual client. Nice old man who is 81 years old with COPD. Needs an inhaler every time he needs to use the stairs or packs a box. He just remarried his ex-wife last December. He is an inventor who has lost $180K last year.
Problem: He has two loans out on his walkup condo. The first is easy, it is for 76K. The second is for $108 K. … (6 comments)
loan: The house I was supposed to close on today loan fell
- 01/30/08 03:53 AM
Today I was supposed to close a deal on a cute house on 4018 Neel St., Boise, ID. From the get go the loan officer seems off task. Both the listing agent and myself became nervous when his company took 8 days to furnish us with the commitment letter. The loan officer was picked by the client (who is the officers buddy). For a buddy he was screwing his client. The fees were much higher then customary. We were told docs would be in this morning. Instead we were informed that there was no loan. We are trying to get the … (6 comments)
This is a blog about all things real estate (and a few extras). I blog about my buyers, sellers, listings, short sales, the real estate market. I am internet savvy and am trying to learn more skills. I like blogging because I get to share information with other real estate professionals and my clients. I can find you a great home in the Treasure Valley. I was the Democratic Nominee for CD2, Idaho for the US Congress. I have two website: http://www.debbieholmes.net.
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