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Frankly I don’t think the pure salesmen will be able to convert to professionals. There has been such a...
Tag: credit
Triggering My Hot Spot
I have blogged about this before…it is really one of my “hot spots”. This morning, not only did I receive an email from this company (oh, I mean SPAM) stating that this is information that I requested, which I did not, it is about something I am absolutely against: selling consumer’s information when they’ve had a credit report pulled [...]
Posted: February 14th, 2007 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: bureaus, credit, Mortgage and Lending, privacy, resale, trigger-list
Comments: 11
There’s No Love for the Subprime Borrower
It’s all over the news, we’re hearing about major subprime lenders having to restate their losses and every day, lenders are coming into my office to inform us of changes to their guidelines. This is all good, right? It will be tougher to provide loans for home buyers who maybe should be spending more time to learn [...]
Posted: February 13th, 2007 under Agent Advice, Buyer Information, Mortgage and Lending.
Tags: 80/20, ARM, credit, home-buyers, prepayment-penalty, refinance, sub-prime, subprime
Comments: 24
Confessions of a Zero-Down Lender
This is a two part (well so far I’m planning a second post…their could be more) series of a couple of clients (names changed to protect identities, of course!) who have purchased homes utilizing 100% financing. Both parties utilized similar programs but they wound up in entirely different situations.
Mr. and Mrs. Spender eagerly wanted to [...]
Posted: February 11th, 2007 under Buyer Information, General Real Estate, Mortgage and Lending.
Tags: 80/20, credit, furnance, lender, purchase, zero-down
Comments: 60
Your Private Information is For Sale
This subject totally irks me…it is just so completely wrong. The three major credit bureaus are selling personal information to hundreds of mortgage companies throughout the country as soon as a credit report is pulled from a mortgage lender. You visit your preferred lender to get preapproved for a mortgage, and whammo…within hours [...]
Posted: January 24th, 2007 under General Real Estate.
Tags: bureaus, credit, do-not-call-list, fair-credit-reporting-act, fdic, identity-theft, lenders, Mortgage and Lending, opt-out, preapproved, prescreening, privacy, trigger-list
Comments: 16
No Credits “For Repairs” Allowed
This excerpt from a recent comment to an old article of mine, deserves more than “comment back” attention.
“we said we would take $5,000 for…repairs…The addendum was signed by both seller and buyer….Our lender wanted us to take the word repairs out of the contact, but we wouldn’t do it, so our loan fell through…’
Lenders do [...]
Posted: August 29th, 2006 under General Real Estate.
Tags: buyer, credit, lender, listing, real-estate, repairs, roof, seller
Comments: 5
