[contraman]

Bob, in the future when you are posting rate quotes here to promote a company make sure you post accurately and disclose to everyone the 2.5 points that you have to pay to get that rate. You did not do this initially.

Ray, I am also a broker who posts often here at the pig. In response to your post, no broker is going to pay 1.25% points to Bob to split the discount points of 2.5%. How is he going to make money? (the broker)?

He is not getting a YSP from the lender….Bob…is he charging you points on top of the discount points of 2.5% to underwrite the loan? What are the fees involved?

Let’s make sure we are talking Apples to Apples with these types of things here…..always get a GFE and a confirmation of rate lock from the broker and tell him or her that if that GFE changes significantly at close you are not signing the docs…..

Sincerely, Contraman

[contraman]

Bob, in the future when you are posting rate quotes here to promote a company make sure you post accurately and disclose to everyone the 2.5 points that you have to pay to get that rate. You did not do this initially.

Ray, I am also a broker who posts often here at the pig. In response to your post, no broker is going to pay 1.25% points to Bob to split the discount points of 2.5%. How is he going to make money? (the broker)?

He is not getting a YSP from the lender….Bob…is he charging you points on top of the discount points of 2.5% to underwrite the loan? What are the fees involved?

Let’s make sure we are talking Apples to Apples with these types of things here…..always get a GFE and a confirmation of rate lock from the broker and tell him or her that if that GFE changes significantly at close you are not signing the docs…..

Sincerely, Contraman

[contraman]

Bob, in the future when you are posting rate quotes here to promote a company make sure you post accurately and disclose to everyone the 2.5 points that you have to pay to get that rate. You did not do this initially.

Ray, I am also a broker who posts often here at the pig. In response to your post, no broker is going to pay 1.25% points to Bob to split the discount points of 2.5%. How is he going to make money? (the broker)?

He is not getting a YSP from the lender….Bob…is he charging you points on top of the discount points of 2.5% to underwrite the loan? What are the fees involved?

Let’s make sure we are talking Apples to Apples with these types of things here…..always get a GFE and a confirmation of rate lock from the broker and tell him or her that if that GFE changes significantly at close you are not signing the docs…..

Sincerely, Contraman

[contraman]

Bob, in the future when you are posting rate quotes here to promote a company make sure you post accurately and disclose to everyone the 2.5 points that you have to pay to get that rate. You did not do this initially.

Ray, I am also a broker who posts often here at the pig. In response to your post, no broker is going to pay 1.25% points to Bob to split the discount points of 2.5%. How is he going to make money? (the broker)?

He is not getting a YSP from the lender….Bob…is he charging you points on top of the discount points of 2.5% to underwrite the loan? What are the fees involved?

Let’s make sure we are talking Apples to Apples with these types of things here…..always get a GFE and a confirmation of rate lock from the broker and tell him or her that if that GFE changes significantly at close you are not signing the docs…..

Sincerely, Contraman

[contraman]

Bob, in the future when you are posting rate quotes here to promote a company make sure you post accurately and disclose to everyone the 2.5 points that you have to pay to get that rate. You did not do this initially.

Ray, I am also a broker who posts often here at the pig. In response to your post, no broker is going to pay 1.25% points to Bob to split the discount points of 2.5%. How is he going to make money? (the broker)?

He is not getting a YSP from the lender….Bob…is he charging you points on top of the discount points of 2.5% to underwrite the loan? What are the fees involved?

Let’s make sure we are talking Apples to Apples with these types of things here…..always get a GFE and a confirmation of rate lock from the broker and tell him or her that if that GFE changes significantly at close you are not signing the docs…..

Sincerely, Contraman

[contraman]

Kewp,

My apologies for the way I worded that last post to make it seem like you were personally considering BK.

To sum it up:

It’s easy to pass and enact laws (well not really with our clowns in the govt), but difficult and costly to enforce them.

There are patent laws. If you violate my patent I can sue you to try to receive compensation for damages or revenue that was generated using my patent. This is the law.

Say a Fortune 100 company stole my patent, and I am a start up company burning through cash to pay the employees…..

Even though I have the legal right, I will not pursue enforcing it because it doesn’t make FINANCIAL SENSE!

Hopefully, you see how things work here now in banking land also…..

Sincerely, Contraman

[contraman]

Kewp,

My apologies for the way I worded that last post to make it seem like you were personally considering BK.

To sum it up:

It’s easy to pass and enact laws (well not really with our clowns in the govt), but difficult and costly to enforce them.

There are patent laws. If you violate my patent I can sue you to try to receive compensation for damages or revenue that was generated using my patent. This is the law.

Say a Fortune 100 company stole my patent, and I am a start up company burning through cash to pay the employees…..

Even though I have the legal right, I will not pursue enforcing it because it doesn’t make FINANCIAL SENSE!

Hopefully, you see how things work here now in banking land also…..

Sincerely, Contraman

[contraman]

Kewp,

My apologies for the way I worded that last post to make it seem like you were personally considering BK.

To sum it up:

It’s easy to pass and enact laws (well not really with our clowns in the govt), but difficult and costly to enforce them.

There are patent laws. If you violate my patent I can sue you to try to receive compensation for damages or revenue that was generated using my patent. This is the law.

Say a Fortune 100 company stole my patent, and I am a start up company burning through cash to pay the employees…..

Even though I have the legal right, I will not pursue enforcing it because it doesn’t make FINANCIAL SENSE!

Hopefully, you see how things work here now in banking land also…..

Sincerely, Contraman

[contraman]

Kewp,

My apologies for the way I worded that last post to make it seem like you were personally considering BK.

To sum it up:

It’s easy to pass and enact laws (well not really with our clowns in the govt), but difficult and costly to enforce them.

There are patent laws. If you violate my patent I can sue you to try to receive compensation for damages or revenue that was generated using my patent. This is the law.

Say a Fortune 100 company stole my patent, and I am a start up company burning through cash to pay the employees…..

Even though I have the legal right, I will not pursue enforcing it because it doesn’t make FINANCIAL SENSE!

Hopefully, you see how things work here now in banking land also…..

Sincerely, Contraman

[contraman]

Kewp,

My apologies for the way I worded that last post to make it seem like you were personally considering BK.

To sum it up:

It’s easy to pass and enact laws (well not really with our clowns in the govt), but difficult and costly to enforce them.

There are patent laws. If you violate my patent I can sue you to try to receive compensation for damages or revenue that was generated using my patent. This is the law.

Say a Fortune 100 company stole my patent, and I am a start up company burning through cash to pay the employees…..

Even though I have the legal right, I will not pursue enforcing it because it doesn’t make FINANCIAL SENSE!

Hopefully, you see how things work here now in banking land also…..

Sincerely, Contraman

[contraman]

Kewp,

I help people with these situations all the time. If the bank chooses a certain type of foreclosure it waives the right to go to court for a deficiency judgment at a later time. No one can buy this and collect on it…..

I know we hate to hear this, but it’s the way it is in the REAL world.

The new BK laws just have a little tougher screening process and that’s about it….other than that it’s just as easy to BK. These things are propagated to the masses that never take the time to look over the REAL changes if any.

It has worked on you and probably many others that are considering BK but remember that “It’s harder now” and therefore don’t pull the trigger. It is effective propaganda in that it makes you think a certain way and then act a certain way…

The govt does this all the time to the masses to deter their behavior. Have you tried reading through the new laws concerning increasing loan limits…hahahahhaahahahhaa..good luck understanding that spider web of confusion…..might want to grab a bottle of your favorite for that read…..

Sincerely, Contraman

[contraman]

Kewp,

I help people with these situations all the time. If the bank chooses a certain type of foreclosure it waives the right to go to court for a deficiency judgment at a later time. No one can buy this and collect on it…..

I know we hate to hear this, but it’s the way it is in the REAL world.

The new BK laws just have a little tougher screening process and that’s about it….other than that it’s just as easy to BK. These things are propagated to the masses that never take the time to look over the REAL changes if any.

It has worked on you and probably many others that are considering BK but remember that “It’s harder now” and therefore don’t pull the trigger. It is effective propaganda in that it makes you think a certain way and then act a certain way…

The govt does this all the time to the masses to deter their behavior. Have you tried reading through the new laws concerning increasing loan limits…hahahahhaahahahhaa..good luck understanding that spider web of confusion…..might want to grab a bottle of your favorite for that read…..

Sincerely, Contraman

[contraman]

Kewp,

I help people with these situations all the time. If the bank chooses a certain type of foreclosure it waives the right to go to court for a deficiency judgment at a later time. No one can buy this and collect on it…..

I know we hate to hear this, but it’s the way it is in the REAL world.

The new BK laws just have a little tougher screening process and that’s about it….other than that it’s just as easy to BK. These things are propagated to the masses that never take the time to look over the REAL changes if any.

It has worked on you and probably many others that are considering BK but remember that “It’s harder now” and therefore don’t pull the trigger. It is effective propaganda in that it makes you think a certain way and then act a certain way…

The govt does this all the time to the masses to deter their behavior. Have you tried reading through the new laws concerning increasing loan limits…hahahahhaahahahhaa..good luck understanding that spider web of confusion…..might want to grab a bottle of your favorite for that read…..

Sincerely, Contraman

[contraman]

Kewp,

I help people with these situations all the time. If the bank chooses a certain type of foreclosure it waives the right to go to court for a deficiency judgment at a later time. No one can buy this and collect on it…..

I know we hate to hear this, but it’s the way it is in the REAL world.

The new BK laws just have a little tougher screening process and that’s about it….other than that it’s just as easy to BK. These things are propagated to the masses that never take the time to look over the REAL changes if any.

It has worked on you and probably many others that are considering BK but remember that “It’s harder now” and therefore don’t pull the trigger. It is effective propaganda in that it makes you think a certain way and then act a certain way…

The govt does this all the time to the masses to deter their behavior. Have you tried reading through the new laws concerning increasing loan limits…hahahahhaahahahhaa..good luck understanding that spider web of confusion…..might want to grab a bottle of your favorite for that read…..

Sincerely, Contraman

[contraman]

Kewp,

I help people with these situations all the time. If the bank chooses a certain type of foreclosure it waives the right to go to court for a deficiency judgment at a later time. No one can buy this and collect on it…..

I know we hate to hear this, but it’s the way it is in the REAL world.

The new BK laws just have a little tougher screening process and that’s about it….other than that it’s just as easy to BK. These things are propagated to the masses that never take the time to look over the REAL changes if any.

It has worked on you and probably many others that are considering BK but remember that “It’s harder now” and therefore don’t pull the trigger. It is effective propaganda in that it makes you think a certain way and then act a certain way…

The govt does this all the time to the masses to deter their behavior. Have you tried reading through the new laws concerning increasing loan limits…hahahahhaahahahhaa..good luck understanding that spider web of confusion…..might want to grab a bottle of your favorite for that read…..

Sincerely, Contraman

[Author]

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