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January 6, 2009 at 10:45 AM in reply to: Chances of buying an REO or short-sale without 20% down? #325248January 6, 2009 at 10:45 AM in reply to: Chances of buying an REO or short-sale without 20% down? #325330
HLS
Participantsdr,,
Why do people lie ?
Nothing to gain from it.I respect you and know that you know your stuff.
It’s difficult to separate sarcasm, humor, etc on a blog….I agree with you.
In reality, a letter from direct lender is no better than one from me. Until the loan is underwritten and approved, it’s only an application.
One thing the direct lender might have over me is that they might get away with doing something illegal and getting away with it.
Confidentiality is guaranteed, don’t worry.
In my opinion, a REALTOR shoudn’t be involved in a buyer’s finances or ever see their bank statements or personal information.
They only need to know that the buyer is approved for their offer, without knowing the upper limits of what they qualify for.That is confidential between me and my client.
People don’t get this when they shop by rate alone.You know how to reach me if you want to check with me. I’d be honored to have the opportunity. HLS
ParticipantIn America, a deal isn’t a deal anymore….except in the case when it benefits politicians,,, and eminent domain, based on politicians decisions.
It’s privatized profits and socialized losses.
When you benefit, it’s a deal.
If you don’t benefit, you want a better deal than you agreed to; you want to point fingers, get an attorney and sue. It’s very sick.There’s little responsibility left.
These are signs of what happens when an empire collapses…..it’s crumbling before our eyes.The thieves that caused the problem are laughing while the masses are crying.
Mods don’t solve the probelm, they delay the problem. Just allows the occupant to stay a little longer, and not have to face reality.
Mods are usually not in the borrower’s best interest, but emotionally attached homeslaves don’t realize this.
Too many people don’t want to lose “their house”
…A house that they don’t own, and owe 25% to 100% more than it is worth…Foreclosures are NOT the problem, foreclosures ARE the solution.
ParticipantIn America, a deal isn’t a deal anymore….except in the case when it benefits politicians,,, and eminent domain, based on politicians decisions.
It’s privatized profits and socialized losses.
When you benefit, it’s a deal.
If you don’t benefit, you want a better deal than you agreed to; you want to point fingers, get an attorney and sue. It’s very sick.There’s little responsibility left.
These are signs of what happens when an empire collapses…..it’s crumbling before our eyes.The thieves that caused the problem are laughing while the masses are crying.
Mods don’t solve the probelm, they delay the problem. Just allows the occupant to stay a little longer, and not have to face reality.
Mods are usually not in the borrower’s best interest, but emotionally attached homeslaves don’t realize this.
Too many people don’t want to lose “their house”
…A house that they don’t own, and owe 25% to 100% more than it is worth…Foreclosures are NOT the problem, foreclosures ARE the solution.
ParticipantIn America, a deal isn’t a deal anymore….except in the case when it benefits politicians,,, and eminent domain, based on politicians decisions.
It’s privatized profits and socialized losses.
When you benefit, it’s a deal.
If you don’t benefit, you want a better deal than you agreed to; you want to point fingers, get an attorney and sue. It’s very sick.There’s little responsibility left.
These are signs of what happens when an empire collapses…..it’s crumbling before our eyes.The thieves that caused the problem are laughing while the masses are crying.
Mods don’t solve the probelm, they delay the problem. Just allows the occupant to stay a little longer, and not have to face reality.
Mods are usually not in the borrower’s best interest, but emotionally attached homeslaves don’t realize this.
Too many people don’t want to lose “their house”
…A house that they don’t own, and owe 25% to 100% more than it is worth…Foreclosures are NOT the problem, foreclosures ARE the solution.
ParticipantIn America, a deal isn’t a deal anymore….except in the case when it benefits politicians,,, and eminent domain, based on politicians decisions.
It’s privatized profits and socialized losses.
When you benefit, it’s a deal.
If you don’t benefit, you want a better deal than you agreed to; you want to point fingers, get an attorney and sue. It’s very sick.There’s little responsibility left.
These are signs of what happens when an empire collapses…..it’s crumbling before our eyes.The thieves that caused the problem are laughing while the masses are crying.
Mods don’t solve the probelm, they delay the problem. Just allows the occupant to stay a little longer, and not have to face reality.
Mods are usually not in the borrower’s best interest, but emotionally attached homeslaves don’t realize this.
Too many people don’t want to lose “their house”
…A house that they don’t own, and owe 25% to 100% more than it is worth…Foreclosures are NOT the problem, foreclosures ARE the solution.
ParticipantIn America, a deal isn’t a deal anymore….except in the case when it benefits politicians,,, and eminent domain, based on politicians decisions.
It’s privatized profits and socialized losses.
When you benefit, it’s a deal.
If you don’t benefit, you want a better deal than you agreed to; you want to point fingers, get an attorney and sue. It’s very sick.There’s little responsibility left.
These are signs of what happens when an empire collapses…..it’s crumbling before our eyes.The thieves that caused the problem are laughing while the masses are crying.
Mods don’t solve the probelm, they delay the problem. Just allows the occupant to stay a little longer, and not have to face reality.
Mods are usually not in the borrower’s best interest, but emotionally attached homeslaves don’t realize this.
Too many people don’t want to lose “their house”
…A house that they don’t own, and owe 25% to 100% more than it is worth…Foreclosures are NOT the problem, foreclosures ARE the solution.
ParticipantIt’s not the kind of “fuzzy” that is making the govt feel “warm & fuzzy” is it ???
FUZZY WUZZY ?
ParticipantIt’s not the kind of “fuzzy” that is making the govt feel “warm & fuzzy” is it ???
FUZZY WUZZY ?
ParticipantIt’s not the kind of “fuzzy” that is making the govt feel “warm & fuzzy” is it ???
FUZZY WUZZY ?
ParticipantIt’s not the kind of “fuzzy” that is making the govt feel “warm & fuzzy” is it ???
FUZZY WUZZY ?
ParticipantIt’s not the kind of “fuzzy” that is making the govt feel “warm & fuzzy” is it ???
FUZZY WUZZY ?
January 6, 2009 at 12:26 AM in reply to: Chances of buying an REO or short-sale without 20% down? #325013Participantsdr, Thanks for the advice. I’ve been involved with So Cal Real Estate for over 25 years.
I’ve dealt with my share of ignorant mortgage and RE agents, there is no shortage of either.There are some sellers that might believe that a larger down means a stronger buyer, but that is nonsense. Not all sellers are that stupid. They get their money at closing regardless of the down payment.
I can provide approvals and get loans done quickly for strong borrowers. It’s ignorance that makes people think that a larger down is a better offer.
sdr, you already mentioned that you have had buyers in escrow for ages, while I am closing loans in a couple of weeks.
Many agents are absolute idiots, as well as many mortgage people are. Get a good agent and a good mortgage person together and deals will happen quickly.
The generalizations that are thrown around mislead strong borrowers like Scarlett to believe that they need to pay a higher price that they really need to.
Scarlett, you need a good agent that can represent you, and I don’t believe that you need to overpay to compete with a larger down offer.
Are you being told that your higher offer will get trumped by a lower offer with a larger down payment ??
I’m sure it was a REALTOR that told you you will have to pay more to compete…
FHA and FNMA loan limits have changed, they have gone down. You can qualify for more than you want to borrow.
I hope that you are getting good advice about your loan options, but it doesn’t sound like it. You are a strong borrower, even with a low down.
I imagine that it is a REALTOR telling you that you aren’t a strong buyer ??
GIVE ME A BREAK….I’d love the opportunity to work with you. . HLS
January 6, 2009 at 12:26 AM in reply to: Chances of buying an REO or short-sale without 20% down? #325084Participantsdr, Thanks for the advice. I’ve been involved with So Cal Real Estate for over 25 years.
I’ve dealt with my share of ignorant mortgage and RE agents, there is no shortage of either.There are some sellers that might believe that a larger down means a stronger buyer, but that is nonsense. Not all sellers are that stupid. They get their money at closing regardless of the down payment.
I can provide approvals and get loans done quickly for strong borrowers. It’s ignorance that makes people think that a larger down is a better offer.
sdr, you already mentioned that you have had buyers in escrow for ages, while I am closing loans in a couple of weeks.
Many agents are absolute idiots, as well as many mortgage people are. Get a good agent and a good mortgage person together and deals will happen quickly.
The generalizations that are thrown around mislead strong borrowers like Scarlett to believe that they need to pay a higher price that they really need to.
Scarlett, you need a good agent that can represent you, and I don’t believe that you need to overpay to compete with a larger down offer.
Are you being told that your higher offer will get trumped by a lower offer with a larger down payment ??
I’m sure it was a REALTOR that told you you will have to pay more to compete…
FHA and FNMA loan limits have changed, they have gone down. You can qualify for more than you want to borrow.
I hope that you are getting good advice about your loan options, but it doesn’t sound like it. You are a strong borrower, even with a low down.
I imagine that it is a REALTOR telling you that you aren’t a strong buyer ??
GIVE ME A BREAK….I’d love the opportunity to work with you. . HLS
January 6, 2009 at 12:26 AM in reply to: Chances of buying an REO or short-sale without 20% down? #325097Participantsdr, Thanks for the advice. I’ve been involved with So Cal Real Estate for over 25 years.
I’ve dealt with my share of ignorant mortgage and RE agents, there is no shortage of either.There are some sellers that might believe that a larger down means a stronger buyer, but that is nonsense. Not all sellers are that stupid. They get their money at closing regardless of the down payment.
I can provide approvals and get loans done quickly for strong borrowers. It’s ignorance that makes people think that a larger down is a better offer.
sdr, you already mentioned that you have had buyers in escrow for ages, while I am closing loans in a couple of weeks.
Many agents are absolute idiots, as well as many mortgage people are. Get a good agent and a good mortgage person together and deals will happen quickly.
The generalizations that are thrown around mislead strong borrowers like Scarlett to believe that they need to pay a higher price that they really need to.
Scarlett, you need a good agent that can represent you, and I don’t believe that you need to overpay to compete with a larger down offer.
Are you being told that your higher offer will get trumped by a lower offer with a larger down payment ??
I’m sure it was a REALTOR that told you you will have to pay more to compete…
FHA and FNMA loan limits have changed, they have gone down. You can qualify for more than you want to borrow.
I hope that you are getting good advice about your loan options, but it doesn’t sound like it. You are a strong borrower, even with a low down.
I imagine that it is a REALTOR telling you that you aren’t a strong buyer ??
GIVE ME A BREAK….I’d love the opportunity to work with you. . HLS
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