unscrupulous mortgage brokers: Listing Agents & Sellers watch out for Unscrupulous Mortgage Brokers
- 11/03/09 01:53 AM
I got a call last week from a Realtor friend asking my advice. He represented a seller who was under contract and whom had agreed to pay UP TO 2 points at closing plus other closing costs (DOC PREP, UNDERWRITING REVIEW, PROCESSING) to the buyer's mortgage broker. The transaction was set to close last week, the buyers loan was approved, a Good Faith Estimate had been provided to buyer, and the mortgage broker had sent the file to a lender who had in turn sent a Good Faith Estimate and loan documents to the title company for closing. The Good Faith … (3 comments)
I got a call last week from a Realtor friend asking my advice. He represented a seller who was under contract and whom had agreed to pay UP TO 2 points at closing plus other closing costs (DOC PREP, UNDERWRITING REVIEW, PROCESSING) to the buyer's mortgage broker.
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