fort myers mortgage loans: Loss Mitigation Specialists-They're actually doing a great job or so they think! - 11/25/09 03:35 AM
Just stop for a minute and think about this. No matter who they represent, be it that they work for the lender/mortgage holder, or that they were hired by the lender/mortgage holder,
they don't represent US!
By US I mean the Realtors, Mortgage Brokers, or any new lender, the Buyers, the Sellers, or any other interested party in the new purchase. They don't represent US, and
they don't care about OUR interests, concerns, or how WE feel they should do their job.
They just don't care about that at all!
They are trying to squeeze every last cent they … (30 comments)

fort myers mortgage loans: That's it Baby! - 11/24/09 12:43 PM
The closing agent from the title company says, "we have a funding #," as she walks by with a copy package of signed documents.
The buyer looks up, and innocently says,
What does that mean? 
The hard working Realtor smiles.
The loan officer, throws his arms up in the air to signal a score.
That's it baby!
The house is yours!
Actually when a house is financed very often the closing agent must fax particular documents to the institution who is funding the loan. In most cases, at least the mortgage and the note, and then whatever other signed/executed documents the lender … (7 comments)

fort myers mortgage loans: What's wrong with me? I'm just not angry with anyone. - 11/22/09 11:21 PM
Caution! This is not a rant. Well maybe a reverse rant, if you know what I mean. A rant according to Webster's is talking wildly, I do do that sometimes, I guess, after all I'm an excitable boy, when properly motivated. Angry is defined as being enraged. Maybe I am angry, and just don't know it.
For example I saw a post about the predictions of NAR economist, Lawrence Yun. Apparently he's not real good at predictions, or at least not lately, and I can understand that many Realtors believe it's not in their best interests to follow NAR'S lead and paint … (6 comments)

fort myers mortgage loans: SOUTHWEST FLORIDA-Has our Market Improved? If so will it continue? - 11/21/09 11:09 PM
Boy I've read some of the articles bashing Lawrence Yun, the NAR's economic guru, and some of it wasn't pretty. Oh well, when you put yourself our front like that you're subject to both praise, I didn't hear any, and criticism, he got plenty of that.
The postings and bashing did make me think though, and that's a good thing. I live and work in Southwest Florida, Lee County, and do I, or don't I, think our market's improved, based on Lawrence's big 3.
That would be sales price, sales volume, and foreclosures.
Let me start with the obvious;
Comparing 2008, … (0 comments)

fort myers mortgage loans: Does "Clear to Close" mean you can close? - 11/20/09 03:11 AM
Maybe,
or
Maybe not!
I mean I'm a loan officer with over 25 years of experience and some of this terminology throws me for a loop.
To me the question to ask if you hear that a loan is
"clear to close"
is when will the closing package be sent out.
If there is dead silence or a long pause, prepare yourself. You're probably about to receive an explanation as to what else needs to be done. If that involves any conditions involving something needing to be done by the buyer than I'm reaching the conclusion that it's not … (2 comments)

fort myers mortgage loans: What it was once worth-IT JUST REALLY DOESN'T MATTER! - 11/19/09 10:55 PM
To the Buyers;
It's kind of interesting, to a certain degree, that the house that you can purchase today for $100,000 once sold, or could have sold 2,3, or 5 years ago for $250,000. It's really great that you don't have to pay that for the house, because maybe you couldn't or wouldn't have tried to buy it. But in regards to what it might have been worth previously as compared to what you can buy it for today;
It just really doesn't matter!
All that matters is today's value.
To the seller;
You paid $250,000 for a home 2,3,or 5 … (5 comments)

fort myers mortgage loans: I'm approved, I think! - 11/19/09 02:26 AM
Well I started looking for a home, and my Realtor told me I had to be preapproved. Since Pre means before I took it to mean I had to be checked out before I was to be approved, which as it was explained to me would take place after I signed a contract to purchase. I gave them my social security number, birthdate, paystubs, and bank statements, and in return I was given this really nice letter saying I had been preapproved for x amount of money for a mortgage.
Best I could figure the preapproval was a license to shop.
Okay, … (6 comments)

fort myers mortgage loans: Help a Veteran Purchase a Home-Here's How and Why. - 11/19/09 12:00 AM
The Va Loan Program for eligible Veterans is just flat out a great program and a wonderful opportunity for qualified Veterans and;
They EARNED it!
I mean we're talking about
100% financing with no monthly MI
Here's some of the requirements;
181 days of active duty during peacetime
90 days of active duty during wartime
6 years in the reserves or National Guard
spouse of a service member killed in the line of duty
Other Veterans may qualify under special circumstances such as being discharged early due to a service related diasability.
Funding fee;
This is a one time upfront … (0 comments)

fort myers mortgage loans: Face Piles, and Piles, of Trials with Smiles! - 11/18/09 05:36 AM
In the Beginning, from the Moody Blues, tells us to face piles of trials with smiles.
Great Advise, wouldn't you say.
 We're experiencing a "new beginning," some refer to it as a recovery, some say we're not there yet.
We have a new market, or maybe that's markets, as some bare no striking resemblence to others.
New rules, to some of them we say yuck!
To many of us it feels like our leaders and our financial markets are taking advantage of us, kicking us when we're down. Well get back up!
Here's the rest;
there you go man, keep as … (2 comments)

fort myers mortgage loans: Ch-Ch-Ch-Changes - 10/26/09 05:07 AM
Where's David Bowie when you really need him.
For those of you who remember Bowie the answer would be anywhere, probably on a "Space Odyssey!"
If you're invovled in the Real Estate industry today that's what you're doing, going through an "odyssey."
odyssey;  long journey with adventures
Bowie's take on changes;
Ch-ch-ch changes,
Are you ready for the next line?
Turn and face the strain.
For the last year, maybe two, they've been firing one major change after another at us!
HVCC, MDIA, RESPA, new TIL's, new GFE, new HUD's, that's just for lenders.
Foreclosures, Short Sales, Strategic Defauts, … (5 comments)

fort myers mortgage loans: Don't SHOULD all over yourself! - 10/20/09 02:47 AM
Should is an interesting word. When I looked for its definition I learned that it is the past tense of shall. Should by itself, very often, isn't so bad. For example; I should have a good year this year. That's an okay statement, but let's add another, killer word, to it and change the feeling entirely.
Should  have;  as in, I should have done something. Now that sounds different doesn't it.
It's the middle of October so we can all reflect back on the past year and possibly with some regrets state, I should have done, whatever, you choose.
We also can … (5 comments)

fort myers mortgage loans: What's your Preferred Business Method of Communication? - 10/17/09 11:18 PM
I was reading the November issue of "Success Magazine" and came accross the results of a poll asking what method of communication business people preferred or more precisely the question posed was;
What is your preferred method of communication in business?
Good Question!
The results were; drum roll please.
40% email
39% face to face
13% phone
5% online social networking
3% text
Considering the amount of email I receive and also how much I send out I guess I'm not surprised with the result, but I wouldn't really put myself in that category.
I'm more of a face to … (15 comments)

fort myers mortgage loans: What's your Walk in the Rain Like? - 10/09/09 11:30 PM
With 161,505 members, and growing daily, I was wondering how many different ways the members used the Rain and what they got from it?
Do you Blog?
If every member Blogged today we would have 161,505 blogs. I don't know what the average number of daily Blogs is, but someone knows. How about a  National Blog Day  where every member writes one and only one blog. I doubt all the members would participate, but what if we got 100,000 or maybe 150,000. Just looking at the groups, we have such diverse groups, I can only imagine the topics and the plethora of information.
… (30 comments)

 


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