teamwork: Home Purchase: How to Survive your 30 day escrow
- 03/03/09 05:40 AM
The market is phenomenal and the opportunity to buy a home is now. Many of you are taking advantage of the opportunity and that is amazing. Warren Buffet said, "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." Many of you are listening. The time-line for an escrow to close is 30 days in most cases. In the thirty calendar day period we need to get our inspections done, appraisals done, have the loan underwritten, satisfy any conditions of the loan and be understanding of the turn-times of the third party … (1 comments)
teamwork: You want a delay? Ask for a rush.
- 02/04/09 03:56 PM
As you all know there has been an increase in applications in the recent months. Much of the increase can be attributed to a drop in the rates that open the floodgates for Streamline FHA refinance activity and rate and term refinancing activity for those with equity. Many wholesalers that were 2-3 days in underwriting dropped back to 7-8 days in underwriting. When you have a 30 day escrow that begins the day that the bank accepts an offer, in a month like February, which is short and has a bank holiday, there is little margin for error. Many times the wholesaler … (0 comments)
teamwork: $100 Dollar Oil and $3.55 Gas who pays the price
- 03/11/08 11:51 AM
Good thing for technology. In the beginning part of my career I would drive to all of my clients that were within 2 hours of the office. This was done so that I may accomodate their schedules and it was well worth it. The difference at this time was money was lendable and gas prices were affordable. I had clients drive two hours to come see me as well. Now who takes the plunge? Does the borrower drive to your office? Certainly if the value in the loan proposition is there. What if it is borderline that they may be helped? Technology has enabled some … (0 comments)
This blog will contain information based on my thought s for the week. I am rather optimistic person so if you here pessimism in my blog usually I am making a point. I look forward to writing and reading many blogs.
The market is phenomenal and the opportunity to buy a home is now. Many of you are taking advantage of the opportunity and that is amazing. Warren Buffet said, "We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." Many of you are listening.;)
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