Search Results for fraudtag:searchlightcrusade.net,2024:/mt//feed/fraud2024-05-02T01:27:11ZMovable Type 4.21-en2281228What Drives Loan Rates?tag:gockel.hmdnsgroup.com,2006:/~searchli//3.24772024-04-30T14:00:00Z2024-04-30T15:24:11ZDan Melsonhttp://www.searchlightcrusade.net/
Supply and Demand. Now that I've given the short answer, it's time to explain the macro factors behind interest rate variations. But I'm going to keep referring to those first three words. It is a tradeoff between the supply of...
Real Estate Agents and Mortgage Loan Officers Don't Want to Competetag:www.searchlightcrusade.net,2009://3.48452024-02-19T15:00:00Z2024-02-19T12:58:57ZDan Melsonhttp://www.searchlightcrusade.net/
It's the same reason the phone company doesn't want to compete, General Motors doesn't want to compete, Wal-Mart doesn't want to compete, Disney doesn't want to compete, and Microsoft will do everything in its power to appear as if it...
Why Do Lenders Sell Mortgages?tag:www.searchlightcrusade.net,2008://3.37632023-12-12T15:00:00Z2023-12-12T16:07:11ZDan Melsonhttp://www.searchlightcrusade.net/
When and Why does a Mortgage Company Sell your Current Loan to another Mortgage Company? Lenders sell their loans because the lender can make an immediate premium of anywhere from 1.5 percent to four percent by selling your loan...
Issues with Family Transfers of Real Estatetag:gockel.hmdnsgroup.com,2006:/~searchli//3.24552023-11-20T15:00:00Z2023-11-20T13:14:56ZDan Melsonhttp://www.searchlightcrusade.net/
We live in (A California city). In a 2 bedroom 1 bath home on approximately a 20,000 Sq. ft. lot. It is easily worth 500K to 600K with a current mortgage of $116,000. The mortgage/Title is in the name...
What Do You Mean Back To Basics?tag:www.searchlightcrusade.net,2009://3.48372023-11-13T15:00:00Z2023-11-13T14:18:25ZDan Melsonhttp://www.searchlightcrusade.net/
For a period of several months when the market started imploding, I got mass messages from basically every lender I do business with, saying it's time to "get back to basics". My favorite A paper lender became the last to...
Getting Another Mortgage Loan After A Short Saletag:www.searchlightcrusade.net,2009://3.48352023-10-23T14:00:00Z2023-10-23T16:28:51ZDan Melsonhttp://www.searchlightcrusade.net/
Our home isn't worth what we owe. So say you were just an average person selling and buying a house, meaning you put your house up for sale, get a contract to purchase on it then go put in offer...
Straw Buyers and Straw Purchases are Always Fraudtag:www.searchlightcrusade.net,2007://3.37472023-10-02T14:00:00Z2023-10-02T16:14:18ZDan Melsonhttp://www.searchlightcrusade.net/
I've gotten several emails to articles recently having to do with straw buyers, and more search hits. Straw buyer fraud is popular because people want a better loan and many don't see anything wrong with it since "we intend to...
Mortgage Protection Insurance - The Worst Life Insurance Policy You Can Waste Your Money Ontag:www.searchlightcrusade.net,2009://3.48202023-05-22T14:00:00Z2023-05-22T15:45:14ZDan Melsonhttp://www.searchlightcrusade.net/
One of a long series of emails about this horrid product: (identifying details redacted) Learn How To Make More Money Per Client ($500-$1000) In This Workshop You Will Learn Why The Most Successful Mortgage & Real Estate Professionals Across The...
Asking Price Versus Sales Pricetag:www.searchlightcrusade.net,2011://3.50412023-05-16T14:00:00Z2023-05-16T14:42:06ZDan Melsonhttp://www.searchlightcrusade.net/
Hard as it may be to believe, I've never done an article comparing asking price to sales price. It's way past time. Asking price is quite simply, a written representation of an offer the seller would be willing to...
Why All The Fuss Over Real Estate Transactions?tag:www.searchlightcrusade.net,2007://3.36872023-03-13T14:00:00Z2023-03-13T16:32:10ZDan Melsonhttp://www.searchlightcrusade.net/
Why doesn't real estate just sell for the asking price instead of having to go thru all the paper work...? Wouldn't it be easier to just put a price on it and sell it for that price? We don't...
Deficiency Judgments: Recourse Loans vs. Non-Recourse Loanstag:www.searchlightcrusade.net,2007://3.36862023-02-27T15:00:00Z2023-02-27T15:57:56ZDan Melsonhttp://www.searchlightcrusade.net/
do mortgage companies usually seek a deficiency judgment on home foreclosures Depends upon whether it is a recourse loan or not. A recourse loan is one where the lender can come after you for any excess amount of money you...
Issues with Multiple Mortgagestag:gockel.hmdnsgroup.com,2006:/~searchli//3.23852022-05-17T14:00:00Z2022-05-17T18:03:58ZDan Melsonhttp://www.searchlightcrusade.net/
We have several rental properties that we own (more than 10). When we were younger, before we got married, we both moved around a lot and bought houses, moved, stayed a year or so and did it again. I...
Mortgage Foreclosure and Taking of Other Assetstag:www.searchlightcrusade.net,2009://3.47502022-05-02T14:00:00Z2022-05-02T11:15:23ZDan Melsonhttp://www.searchlightcrusade.net/
if our house is being foreclosed, can they take our retirement or make us sell our cars? we both have (1-2 year old) cars that are paid off. Can they take our cars or make us sell them to...
Seller's Failure to Disclose a Pending Assessmenttag:www.searchlightcrusade.net,2009://3.47482022-04-25T14:00:00Z2022-04-25T23:54:50ZDan Melsonhttp://www.searchlightcrusade.net/
I am about to close on a condo unit. At the last minute, we received the resale document from the management company. All units are being assessed a one time charge of $3000 due in full Nov. 1 for roof...
Retroactive Loan Qualification Problems After Recordingtag:www.searchlightcrusade.net,2009://3.47392022-04-04T14:00:00Z2022-04-04T13:20:16ZDan Melsonhttp://www.searchlightcrusade.net/
What do the mortgage companies mean when they say they can not insure you house loan.? What is the danger to the homeowner? I have been in the new home for over a year now and they just now told...
Cash Back From The Seller to the Buyer in Real Estate Salestag:www.searchlightcrusade.net,2007://3.35482022-02-07T15:00:00Z2022-02-07T13:43:06ZDan Melsonhttp://www.searchlightcrusade.net/
A while ago I dealt with a very disturbing phone call from a would be client. He was very happy with the way I found bargain properties, and wanted me to find him such a property. All very well and...
Recording Errors and Title Insurancetag:gockel.hmdnsgroup.com,2006:/~searchli//3.22382021-10-23T14:00:00Z2021-10-23T13:36:38ZDan Melsonhttp://www.searchlightcrusade.net/
I just got a google search where the question asked was "What if the mortgage is recorded in the wrong county?" I've never actually seen this (and San Diego County, once upon a time, included what is now Riverside, Imperial...
Realtor and Loan Officer Responsibility: Can the Client Afford The Property?tag:www.searchlightcrusade.net,2009://3.46862021-10-20T14:00:00Z2021-10-20T19:05:57ZDan Melsonhttp://www.searchlightcrusade.net/
Every so often, I write about professional responsibility. Every month I get a couple of magazines because I'm a Realtor. There was a letter from someone who was proud of the fact that he had never asked someone if they...
Down Payment At Purchase or Wait Until Later To Pay The Mortgage Down?tag:www.searchlightcrusade.net,2009://3.46712021-10-11T14:00:00Z2021-10-11T11:59:09ZDan Melsonhttp://www.searchlightcrusade.net/
Got a search engine hit for do I make a big down payment on a home or should make a lump sum payment after the mortgage It's hard to construct a scenario where using it as "purchase money" doesn't come...
How Agents Should Respond To An Appraisal Below Purchase Pricetag:www.searchlightcrusade.net,2010://3.50122021-09-17T14:00:00Z2021-09-17T11:33:48ZDan Melsonhttp://www.searchlightcrusade.net/
It really helps my perspective in a lot of ways to be both a Realtor and a loan officer. Just the other day, I had a loan only client where they were already under contract to buy a property...