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January 13, 2008 at 4:30 PM in reply to: Interesting Story (Bank Error in your favor… seeking attorneys/brokers comments) #135187January 13, 2008 at 4:30 PM in reply to: Interesting Story (Bank Error in your favor… seeking attorneys/brokers comments) #135382
Pasadena Broker
ParticipantHey SD, hope things are well down south.
He has to pay it. I’m fairly certain that it’s been recorded on his credit report. Plus, he signed all the docs that stated his new loan balance which would include the 2nd which of course the lender has a copy as well. Even though it’s an error by Etrade, tell him to do the right thing.
That’s my take on it with what you wrote. It sounds like an interesting situation.
January 13, 2008 at 4:30 PM in reply to: Interesting Story (Bank Error in your favor… seeking attorneys/brokers comments) #135387ParticipantHey SD, hope things are well down south.
He has to pay it. I’m fairly certain that it’s been recorded on his credit report. Plus, he signed all the docs that stated his new loan balance which would include the 2nd which of course the lender has a copy as well. Even though it’s an error by Etrade, tell him to do the right thing.
That’s my take on it with what you wrote. It sounds like an interesting situation.
January 13, 2008 at 4:30 PM in reply to: Interesting Story (Bank Error in your favor… seeking attorneys/brokers comments) #135442ParticipantHey SD, hope things are well down south.
He has to pay it. I’m fairly certain that it’s been recorded on his credit report. Plus, he signed all the docs that stated his new loan balance which would include the 2nd which of course the lender has a copy as well. Even though it’s an error by Etrade, tell him to do the right thing.
That’s my take on it with what you wrote. It sounds like an interesting situation.
January 13, 2008 at 4:30 PM in reply to: Interesting Story (Bank Error in your favor… seeking attorneys/brokers comments) #135484ParticipantHey SD, hope things are well down south.
He has to pay it. I’m fairly certain that it’s been recorded on his credit report. Plus, he signed all the docs that stated his new loan balance which would include the 2nd which of course the lender has a copy as well. Even though it’s an error by Etrade, tell him to do the right thing.
That’s my take on it with what you wrote. It sounds like an interesting situation.
ParticipantHuh
Most if not all debts are shown on a credit report unless this debt is some sort of personal loan.
If the loan is neg am, the part he has the refi in 2 years isn’t because it is a neg am, but most likely because that is when his prepayment penalty period is over.
The lender won’t do jack. Depending on how much of a down payment he’s put (if at all), losing his home won’t be because of the lender but from payment hikes and growing loan balance if he’s only been making the minimum payment. In my experience with meeting people who have taken out these loans, everyone without fail will only make the minimum payment.
ParticipantHuh
Most if not all debts are shown on a credit report unless this debt is some sort of personal loan.
If the loan is neg am, the part he has the refi in 2 years isn’t because it is a neg am, but most likely because that is when his prepayment penalty period is over.
The lender won’t do jack. Depending on how much of a down payment he’s put (if at all), losing his home won’t be because of the lender but from payment hikes and growing loan balance if he’s only been making the minimum payment. In my experience with meeting people who have taken out these loans, everyone without fail will only make the minimum payment.
ParticipantHuh
Most if not all debts are shown on a credit report unless this debt is some sort of personal loan.
If the loan is neg am, the part he has the refi in 2 years isn’t because it is a neg am, but most likely because that is when his prepayment penalty period is over.
The lender won’t do jack. Depending on how much of a down payment he’s put (if at all), losing his home won’t be because of the lender but from payment hikes and growing loan balance if he’s only been making the minimum payment. In my experience with meeting people who have taken out these loans, everyone without fail will only make the minimum payment.
ParticipantHuh
Most if not all debts are shown on a credit report unless this debt is some sort of personal loan.
If the loan is neg am, the part he has the refi in 2 years isn’t because it is a neg am, but most likely because that is when his prepayment penalty period is over.
The lender won’t do jack. Depending on how much of a down payment he’s put (if at all), losing his home won’t be because of the lender but from payment hikes and growing loan balance if he’s only been making the minimum payment. In my experience with meeting people who have taken out these loans, everyone without fail will only make the minimum payment.
ParticipantHuh
Most if not all debts are shown on a credit report unless this debt is some sort of personal loan.
If the loan is neg am, the part he has the refi in 2 years isn’t because it is a neg am, but most likely because that is when his prepayment penalty period is over.
The lender won’t do jack. Depending on how much of a down payment he’s put (if at all), losing his home won’t be because of the lender but from payment hikes and growing loan balance if he’s only been making the minimum payment. In my experience with meeting people who have taken out these loans, everyone without fail will only make the minimum payment.
September 25, 2007 at 10:53 PM in reply to: are mtg brokers fiduciaries in California, or not? #85927Participant“Fiduciary duty”, now that’s something I don’t get to read everyday.
It’s not a legal requirement, but something akin to a recommendation. Unfortunately, in the frenzy illustrated in the past 6 years, for many in the mortgage business, fiduciary duty was thrown out the window.
They’re out there, the mortgage brokers that hold themselves to a high standard and haven’t lost their humanity/sincerity.
Participant“How embarrassing it must be for you!?!?! Stoopid f*&%ers…who knew it was actually difficult to earn six-figures (let alone 5 for many of you;) Good night and “happy knocking” OR better yet…”good luck with all that”;)!”
Seems as if this has struck a nerve with you.
Looks like you’ve ‘outed’ your position on how you feel about all of us, which is too bad since it puts a crimp on any meaningful or insightful discussion which all the other posters seems to be engaged in.
ParticipantJWM, of course, and you should be with anyone that parrots NAR. Believe it or not, there are those of us that don’t agree with NAR’s methods. And anyone that comes a knocking with that shite deserves a verbal blast.
No nerve, just setting the record straight as to why they’re doing what they do.
ParticipantOooh, we think we’re so clever making little quips about door knocking realtors and how there akin to black teenagers (why black? Is it a racial thing now?) selling $20 candy bars.
We see the differences in them versus ‘us’, and how they must be desperate or beneath us one or two notches because of their methods of marketing. But I would go out on a limb to say you’re the same people that would peek out their door and bashfully say ‘ uh, no, not now’…then run to your computer and quickly log onto Piggington to tell the virtual world how you bested a realtor.
Get over yourselves. You have more in common with that realtor than you could imagine. Do you teach your kids that they’re better than all the other kids in the class or, that we’re all connected as people? That’s right, this is a blog, we can type whatever we want and no one would be the wiser, like I said, makes us feel clever don’t it, because in the real world no one would give two shits about what we say, right?
Participant“Hmmm, yeah, I can’t wait to open the front door and be confronted with a pair of realtors….they will walk away crying…”
Tell me where you live, I’ll send a couple of them over…
It’s realtors getting back to fundamentals, door knocking is what they call it. Good for them, it’s been rare for them to use that method to market, glad to see that it’s starting to come back.
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