Monthly Archives: January 2008

I Learned Something…

January 13, 2008 – 12:31 pm

“I learned something,” said the Realtor. I’ve known this Realtor—and received referrals from him for about five years. He doesn’t know of the “old” old ways, wherein a Realtor has a buyer prequalified before even pointing and clicking on the MLS site to search for a home. He’s used to the ridiculous mortgage qualifying methodology [...]

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It’s Nuts out here.

January 9, 2008 – 7:58 am

It’s unusual.  Unprecedented, even.  Lenders changing guidelines mid-stream, after you have your loan approval.  You get your client’s loan approved; you collect the approval “conditions” and send them over the bank to clear with the Underwriting staff so you can schedule a closing.  All of a sudden the Lender changes it’s “mind.”   Now, there’s either [...]

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