Where to File Complaint Against Agent?

[sdrealtor]

I dont believe there is anything wrong with requiring you to get approved with a designated mortgage broker. There is a difference between that and requiring you to actually use that lender. There are so many crappy lenders out there, I ask them to do the same if I have concerns about their qualifications.

[sdrealtor]

I dont believe there is anything wrong with requiring you to get approved with a designated mortgage broker. There is a difference between that and requiring you to actually use that lender. There are so many crappy lenders out there, I ask them to do the same if I have concerns about their qualifications.

[NYer]

Well, I must admit that your point is well taken. I myself see very little to gain if the agent is lying as in this market my first instinct was also to go on to the next property.

BTW, it is not an REO, nor a new home purchase. I countered again with what will be our final offer and a 24 hour expiration. If they actually have someone who is willing to pay more and is as rock-solid as we are then God bless ’em, and we’ll move on to the next property.

In any event, unless these people do something more to aggravate me it is unlikely that I will make a claim against the agent for the potential RESPA violation. Life’s too short and I am not as vindictive as I used to be.

[NYer]

Well, I must admit that your point is well taken. I myself see very little to gain if the agent is lying as in this market my first instinct was also to go on to the next property.

BTW, it is not an REO, nor a new home purchase. I countered again with what will be our final offer and a 24 hour expiration. If they actually have someone who is willing to pay more and is as rock-solid as we are then God bless ’em, and we’ll move on to the next property.

In any event, unless these people do something more to aggravate me it is unlikely that I will make a claim against the agent for the potential RESPA violation. Life’s too short and I am not as vindictive as I used to be.

[NYer]

sdrealtor,

First, let me also thank you for your many contributions to the board.

Second, I have to disagree with you about whether it is a violation of RESPA to require someone to get approved with a designated mortgage broker. As you undoubtedly know, RESPA prohibits any required use of a “settlement service”. HUD regulations define “settlement service”, in relevant part, as follows:

“Settlement service means any service provided in connection with a prospective or actual settlement, including, but not limited to, any one or more of the following:

(1) Origination of a federally related mortgage loan (including, but not limited to, the taking of loan applications, loan processing, and the underwriting and funding of such loans);

(2) Rendering of services by a mortgage broker (including counseling, taking of applications, obtaining verifications and appraisals, and other loan processing and origination services, and communicating with the borrower and lender);”

________

“Qualifying” sure sounds like “rendering of services”, “taking of applications”, “obtaining verifications” and/or “other loan processing and origination services” to me.

[NYer]

sdrealtor,

First, let me also thank you for your many contributions to the board.

Second, I have to disagree with you about whether it is a violation of RESPA to require someone to get approved with a designated mortgage broker. As you undoubtedly know, RESPA prohibits any required use of a “settlement service”. HUD regulations define “settlement service”, in relevant part, as follows:

“Settlement service means any service provided in connection with a prospective or actual settlement, including, but not limited to, any one or more of the following:

(1) Origination of a federally related mortgage loan (including, but not limited to, the taking of loan applications, loan processing, and the underwriting and funding of such loans);

(2) Rendering of services by a mortgage broker (including counseling, taking of applications, obtaining verifications and appraisals, and other loan processing and origination services, and communicating with the borrower and lender);”

________

“Qualifying” sure sounds like “rendering of services”, “taking of applications”, “obtaining verifications” and/or “other loan processing and origination services” to me.

[JWM in SD]

Dpsvend,

Just some friendly advice, stop making offers on overpriced real estate for about 2-3 years and you will be much happier.

[JWM in SD]

Dpsvend,

Just some friendly advice, stop making offers on overpriced real estate for about 2-3 years and you will be much happier.

[what_a_disasta]

Agrre with JWM. Look on it as a lucky escape and move on.

[what_a_disasta]

Agrre with JWM. Look on it as a lucky escape and move on.

[Author]

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