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Viewing 15 posts - 76 through 90 (of 214 total)
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  • August 23, 2007 at 7:07 PM #80260
    SD Realtor
    Participant

    Hi Sakina

    My email is [email protected].

    SD Realtor

    August 23, 2007 at 7:11 PM #80113
    SD Realtor
    Participant

    bsr – I am not sure what these guys are doing either. It sure does look like some sort of fraud to me. I do not think the lender is in on this. The broker? yes. The lender no I doubt it.

    SD Realtor

    August 23, 2007 at 7:11 PM #80242
    SD Realtor
    Participant

    bsr – I am not sure what these guys are doing either. It sure does look like some sort of fraud to me. I do not think the lender is in on this. The broker? yes. The lender no I doubt it.

    SD Realtor

    August 23, 2007 at 7:11 PM #80266
    SD Realtor
    Participant

    bsr – I am not sure what these guys are doing either. It sure does look like some sort of fraud to me. I do not think the lender is in on this. The broker? yes. The lender no I doubt it.

    SD Realtor

    August 24, 2007 at 11:14 AM #80457
    PadreBrian
    Participant

    op, yeah, this looks like a cash back scenario. They are basically finding the highest appraisal possible, paying the owner off and keeping the rest as cash. Then never make a payment. These loans are the dead last of them. You would have to be in closing in the last few weeks to get one of these today. As of two weeks ago, no more zero down.

    August 24, 2007 at 11:14 AM #80587
    PadreBrian
    Participant

    op, yeah, this looks like a cash back scenario. They are basically finding the highest appraisal possible, paying the owner off and keeping the rest as cash. Then never make a payment. These loans are the dead last of them. You would have to be in closing in the last few weeks to get one of these today. As of two weeks ago, no more zero down.

    August 24, 2007 at 11:14 AM #80610
    PadreBrian
    Participant

    op, yeah, this looks like a cash back scenario. They are basically finding the highest appraisal possible, paying the owner off and keeping the rest as cash. Then never make a payment. These loans are the dead last of them. You would have to be in closing in the last few weeks to get one of these today. As of two weeks ago, no more zero down.

    August 24, 2007 at 2:00 PM #80556
    SD Realtor
    Participant

    PadreBrian, Are you saying with 100% confidence that in 2 weeks nobody will ever be able to get a 100% financed home? Are you in the lending industry or this just an opinion? You did see I closed a sale a few days ago in Mira Mesa where the buyer financed with 100% financing. I did not represent the buyer, nor do I ever do loans. I just like try to state when I make speculative statements verses hard facts.

    SD Realtor

    August 24, 2007 at 2:00 PM #80686
    SD Realtor
    Participant

    PadreBrian, Are you saying with 100% confidence that in 2 weeks nobody will ever be able to get a 100% financed home? Are you in the lending industry or this just an opinion? You did see I closed a sale a few days ago in Mira Mesa where the buyer financed with 100% financing. I did not represent the buyer, nor do I ever do loans. I just like try to state when I make speculative statements verses hard facts.

    SD Realtor

    August 24, 2007 at 2:00 PM #80708
    SD Realtor
    Participant

    PadreBrian, Are you saying with 100% confidence that in 2 weeks nobody will ever be able to get a 100% financed home? Are you in the lending industry or this just an opinion? You did see I closed a sale a few days ago in Mira Mesa where the buyer financed with 100% financing. I did not represent the buyer, nor do I ever do loans. I just like try to state when I make speculative statements verses hard facts.

    SD Realtor

    August 24, 2007 at 3:06 PM #80594
    sdappraiser
    Participant

    100% financing will never disappear.. it will just be MUCH harder to obtain and rates (risk premiums) will increase. There will ALWAYS be someone out there willing to take the risk, and there will ALWAYS be someone out there willing to pay for it.

    What you probably won’t see is a huge secondary market for these things. More likely private lenders who keep the portfolio and service the loans themselves. It’s very lucrative.

    Good times or bad times, people always need money.

    August 24, 2007 at 3:06 PM #80725
    sdappraiser
    Participant

    100% financing will never disappear.. it will just be MUCH harder to obtain and rates (risk premiums) will increase. There will ALWAYS be someone out there willing to take the risk, and there will ALWAYS be someone out there willing to pay for it.

    What you probably won’t see is a huge secondary market for these things. More likely private lenders who keep the portfolio and service the loans themselves. It’s very lucrative.

    Good times or bad times, people always need money.

    August 24, 2007 at 3:06 PM #80747
    sdappraiser
    Participant

    100% financing will never disappear.. it will just be MUCH harder to obtain and rates (risk premiums) will increase. There will ALWAYS be someone out there willing to take the risk, and there will ALWAYS be someone out there willing to pay for it.

    What you probably won’t see is a huge secondary market for these things. More likely private lenders who keep the portfolio and service the loans themselves. It’s very lucrative.

    Good times or bad times, people always need money.

    August 24, 2007 at 3:15 PM #80600
    bsrsharma
    Participant

    100% financing will never disappear

    There will always be Las Vegas!

    August 24, 2007 at 3:15 PM #80731
    bsrsharma
    Participant

    100% financing will never disappear

    There will always be Las Vegas!

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