Search Results for lender gamestag:searchlightcrusade.net,2024:/mt//feed/lender games2024-05-03T06:35:08ZMovable Type 4.21-en1291129Straw 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...
Games Lenders Play, Part V - Selling a Low Paymenttag:gockel.hmdnsgroup.com,2006:/~searchli//3.24012023-01-24T15:00:00Z2023-01-24T19:30:02ZDan Melsonhttp://www.searchlightcrusade.net/
Hello, I've been reading your website for awhile now, and have found it very helpful as I'm learning to navigate this crazy loan process! I had a question I was wondering if you could write about/answer. We currently have...
The Loan Shopping Koantag:www.searchlightcrusade.net,2011://3.50382022-10-10T14:00:00Z2022-10-10T14:41:04ZDan Melsonhttp://www.searchlightcrusade.net/
It's very easy for loan providers to talk about a much better loan when you're shopping than they have any intention of delivering. Then you give them thirty to sixty days after you sign up, and you're put into a...
There Is No Fairy Godmother for Loanstag:www.searchlightcrusade.net,2010://3.50292022-06-07T14:00:00Z2022-06-07T10:14:36ZDan Melsonhttp://www.searchlightcrusade.net/
Really. I know that most people who read that title are replying "no kidding" but you would be amazed at how many people act like there is such a fairy godmother. I got an email yesterday that said, basically, "Help...
Wanting a More Expensive Property Than You Can Really Affordtag:www.searchlightcrusade.net,2009://3.47322022-02-21T15:00:00Z2022-02-21T17:10:27ZDan Melsonhttp://www.searchlightcrusade.net/
This is one of the biggest issues with my local real estate market. Because the San Diego market has very high demand and limited supply of property, prices are high. A reasonable two bedroom condo runs around $200,000. A 1200...
Efforts to Rehabilitate the Negative Amortization Loantag:www.searchlightcrusade.net,2009://3.47082021-11-01T14:00:00Z2021-11-01T16:24:42ZDan Melsonhttp://www.searchlightcrusade.net/
The negative amortization loan is a very popular loan with certain kinds of real estate agents and loan officers. It has two great virtues as far as they are concerned. First, it has a low payment, and despite the fact...
Buying Real Estate Isn't Simpletag:www.searchlightcrusade.net,2010://3.50222021-10-30T14:00:00Z2021-10-30T13:32:48ZDan Melsonhttp://www.searchlightcrusade.net/
And I don't know why people expect it to be. Cancel that. I do know why. Popular media. It's not all that common in popular media, but on those occasions I see someone buying a house in the movies...
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...
My Loan was Denied - What Fees Can I Recover?tag:gockel.hmdnsgroup.com,2007:/~searchli//3.28842021-09-12T14:00:00Z2021-09-12T12:36:31ZDan Melsonhttp://www.searchlightcrusade.net/
"What mortgage fees can i recover after loan denial" was a search I got. The answer is basically, "None." The only thing that should be charged up front is a credit check, which costs about $20, and you should be...
The Home Valuation Code of Conduct (Appraisal Standards)tag:www.searchlightcrusade.net,2010://3.50102021-09-11T14:00:00Z2021-09-11T14:19:17ZDan Melsonhttp://www.searchlightcrusade.net/
Since May 1, 2009, we've been having problems with appraisals like never before. It's an interesting case study how the attorney general of one state used threats to blackmail a nationwide industry, installed personal controls and opportunities for graft into...
Loan Fall-Out And The Effects Upon Consumerstag:www.searchlightcrusade.net,2010://3.50062021-09-01T14:00:00Z2021-09-01T15:10:03ZDan Melsonhttp://www.searchlightcrusade.net/
This is going to be a long article and somewhat technical in places, but it needs to be covered and it's important to everyone who is thinking about getting a real estate loan. "Fall-Out" is very simple: The number...
"We'll Beat Any Quote" in Mortgage Loanstag:gockel.hmdnsgroup.com,2007:/~searchli//3.28722021-08-29T14:00:00Z2021-08-29T13:32:42ZDan Melsonhttp://www.searchlightcrusade.net/
Just like "we'll beat any deal!" in any other competitive sales endeavor, this is a game. Actually, it's even more of a game for loans than it is anywhere else, used cars included. What they are hoping is that you'll...
There's No Real Way to Take The Complexity Out of Real Estatetag:www.searchlightcrusade.net,2009://3.45432021-07-29T14:00:00Z2021-07-29T13:33:51ZDan Melsonhttp://www.searchlightcrusade.net/
Every so often I get e-mail asking why real estate transactions are so complex. Matter of fact, I have this discussion with most clients at some point. The answer is, "Because real estate transactions for a lot of money, and...
Why The Higher Rate Loan Is Often Bettertag:www.searchlightcrusade.net,2009://3.45402021-07-28T14:00:00Z2021-07-28T17:23:37ZDan Melsonhttp://www.searchlightcrusade.net/
The short answer is "Because it costs less". It costs more money to get a lower rate - simple fact. It takes time to recover the extra money you spend to get a lower rate via that lowered cost of...
Money You Will Spend Before Your Real Estate Purchase Is Consummatedtag:www.searchlightcrusade.net,2009://3.45392021-07-27T14:00:00Z2021-07-27T11:20:22ZDan Melsonhttp://www.searchlightcrusade.net/
Before you even make an offer, you should be aware that you're going to spend a significant amount of money in the process of buying a property before the transaction is consummated. This will largely be money that you will...
Straw Buyers and Their Liabilitiestag:www.searchlightcrusade.net,2009://3.45272021-07-21T14:00:00Z2021-07-21T14:51:28ZDan Melsonhttp://www.searchlightcrusade.net/
During the Era of Make Believe Loans, a lot of folks got used to zero real scrutiny of transactions. With values increasing rapidly, it was hard to lose money on real estate, whether you were purchaser or lender. One of...
Deciding You Don't Want A Particular Mortgage Loantag:www.searchlightcrusade.net,2009://3.44862021-06-29T14:00:00Z2021-06-29T13:19:15ZDan Melsonhttp://www.searchlightcrusade.net/
I have questions to ask you about the loan for house. I have been work with one broker since DELETED and I just tell her on the phone that I chose her and that she can start to do...
Let Me Tell You About The Loan You Could Have Hadtag:gockel.hmdnsgroup.com,2007:/~searchli//3.27812021-06-12T14:00:00Z2021-06-12T15:10:09ZDan Melsonhttp://www.searchlightcrusade.net/
Not interested? Most people aren't when it's talking about how they got taken advantage of in the past. First off, it's in the past so it is over and done with, and there's no use dwelling on it, right? Second,...
Loan Pre-Approval Means Nothingtag:www.searchlightcrusade.net,2008://3.44222021-05-20T14:00:00Z2021-05-20T13:54:13ZDan Melsonhttp://www.searchlightcrusade.net/
The only Pre-Approval I trust is one that I wrote myself. I got this search engine hit: pre-approved loan underwriter changes terms illegal I have gone over these issues in discussing the pre-qualification. Loan officers are salespersons. There is intense...
What Are Recurring and Nonrecurring Closing Costs?tag:gockel.hmdnsgroup.com,2007:/~searchli//3.27382021-04-30T14:00:00Z2021-04-30T13:29:53ZDan Melsonhttp://www.searchlightcrusade.net/
Many people are uncertain as to what closing costs are. Basically, they relate to the costs of doing the transaction. There are people who work on getting your loan through the process of approval and funding, and those people have...