tag:searchlightcrusade.net,2024:/mt//feed/lender games 2024-05-18T10:28:14Z Movable Type 4.21-en 59 1 59 tag:www.danmelson.com,2009://4.4635 2009-05-17T17:00:00Z 2009-05-17T17:10:00Z Dan Melson http://www.searchlightcrusade.net/ I've been letting my weekly article review slide for several weeks due to one thing or another, during which time I've done a few important new articles and republished quite a few very important older ones. Therefore, I'm going... tag:www.danmelson.com,2009://4.4557 2009-03-02T04:00:00Z 2009-03-02T03:40:29Z Dan Melson http://www.searchlightcrusade.net/ Newly Written Articles Finding a Good Buyer's Agent (And Eliminating Bad Ones). Games with Mortgage Loan Rate Locks (Games Lenders Play Part 10) Talks about issues relating to the rate lock. Barack Obama's "Help For Homeowners" Proposal Like President... tag:www.danmelson.com,2009://4.4564 2009-02-18T15:00:00Z 2009-02-18T14:51:57Z Dan Melson http://www.searchlightcrusade.net/ The new consumer article for today is Games with Mortgage Loan Rate Locks (Games Lenders Play Part 10), talking about how you can be told your rate is locked when it isn't, what the benefits of playing this game are... tag:www.danmelson.com,2008://4.4368 2008-11-02T18:30:00Z 2008-11-03T14:53:55Z Dan Melson http://www.searchlightcrusade.net/ Newly Written Articles When Loan Modification Will Not Help, or Is Not Appropriate Why You Should Not Walk Away From Upside-Down Real Estate What Sort of Loan Can I Get? (October 2008) Will I Qualify for the Loan to... tag:www.danmelson.com,2008://4.4196 2008-08-17T17:00:00Z 2008-08-17T16:36:02Z Dan Melson http://www.searchlightcrusade.net/ Newly Written Articles Why Lenders Don't and Won't Tell Borrowers Their Loan Was Turned Down (Games Lenders Play, Part 9), talking about why lenders will keep quiet about changes in the loan during the process. What Buyers Need: What... tag:gockel.hmdnsgroup.com,2007:/~searchli/danmelsonsite//4.3221 2008-06-13T14:00:00Z 2008-06-13T13:44:22Z Dan Melson http://www.searchlightcrusade.net/ There are many ways of suckering real estate consumers, and cash as an inducement to get people to swallow a raw deal is one of the most common. From sellers (usually developers), "free" upgrades are one of the most common.... tag:gockel.hmdnsgroup.com,2007:/~searchli/danmelsonsite//4.3216 2008-06-05T14:00:00Z 2008-06-05T13:46:02Z Dan Melson http://www.searchlightcrusade.net/ You've probably heard the horror stories, and I've mentioned the possibility more than once. Some unsuspecting person is looking at properties beyond their price range, and it therefore has all kinds of attractive features that properties which are in their... tag:www.danmelson.com,2008://4.4073 2008-06-03T14:00:00Z 2008-06-03T13:44:29Z Dan Melson http://www.searchlightcrusade.net/ First off, neither the California Mortgage Loan Disclosure Statement nor the Federal Good Faith Estimate are promises, commitments, or anything more than your loan provider wants them to be. Quite often, they're nothing more than a fictional story told... tag:gockel.hmdnsgroup.com,2007:/~searchli/danmelsonsite//4.3204 2008-05-21T14:00:00Z 2008-05-21T13:48:21Z Dan Melson http://www.searchlightcrusade.net/ I got a question about what I think about those online quote services. The answer is that they vary from okay to putrid. There are two sorts of online quote sources. The first is where mortgage companies have their rates... tag:gockel.hmdnsgroup.com,2007:/~searchli/danmelsonsite//4.3193 2008-05-05T14:00:00Z 2008-05-05T13:43:31Z Dan Melson http://www.searchlightcrusade.net/ I went out previewing properties a couple days ago. That particular client's situation being what it is, I was concentrating on vacant properties. But over half the vacant properties in that area had restricted showing instructions. "Call agent first," or... tag:gockel.hmdnsgroup.com,2007:/~searchli/danmelsonsite//4.3191 2008-05-03T14:00:00Z 2008-05-03T14:12:09Z Dan Melson http://www.searchlightcrusade.net/ I'm clueless about how home loans work. Is there any way to figure out how much I can afford to spend per month on a home. If I were to get a home for $(figure) how much would that... tag:gockel.hmdnsgroup.com,2007:/~searchli/danmelsonsite//4.3190 2008-05-02T14:00:00Z 2008-05-02T13:53:56Z Dan Melson http://www.searchlightcrusade.net/ My lender told me that there is an application fee? He said an application fee of $250 and then we'll need the appraisal fee and of course we'll need an inspection. Does all this sound legit, is there always... tag:www.danmelson.com,2008://4.3979 2008-04-21T14:00:00Z 2008-04-21T13:46:05Z Dan Melson http://www.searchlightcrusade.net/ From an e-mail I've been talking to agents lately and I ask them about the things I've learned about from your site. I thought I would say things like "I want to apply for a backup loan" and they would... tag:gockel.hmdnsgroup.com,2006:/~searchli/danmelsonsite//4.3167 2008-04-01T14:00:00Z 2008-04-01T14:31:39Z Dan Melson http://www.searchlightcrusade.net/ I've gotten several emails to articles recently having to do with straw buyers, and more search hits. Red flags preceded home-fraud lawsuit and Fraud case hits home seem to cover one of these weasels particularly well. A "straw buyer" is... tag:www.danmelson.com,2008://4.3913 2008-03-20T14:00:00Z 2008-03-20T13:57:12Z Dan Melson http://www.searchlightcrusade.net/ Mortgage Accelerators, or Money Merge Accounts, have become the thing that everyone's pushing of late. I have gotten so much junk mail about this from more originators (who don't know who I am) and wholesalers (who should) in the last... tag:gockel.hmdnsgroup.com,2006:/~searchli/danmelsonsite//4.3146 2008-03-09T14:00:00Z 2008-03-09T17:16:02Z Dan Melson http://www.searchlightcrusade.net/ While I have been reading the site for about a year, I have tended to gloss over or completely ignore the posts regarding real estate and purchasing a home. That is, until about two weeks ago when I had... tag:www.danmelson.com,2008://4.3847 2008-02-19T15:00:00Z 2008-02-19T14:46:18Z Dan Melson http://www.searchlightcrusade.net/ With the market turndown, Liquidation auctions are becoming a big thing. They were just advertising one on all the stations around here. The other agents in my office asked if I was going, and I told them, "There will... tag:gockel.hmdnsgroup.com,2006:/~searchli/danmelsonsite//4.3118 2008-02-14T15:00:00Z 2008-02-14T14:08:31Z Dan Melson http://www.searchlightcrusade.net/ Veterans Administration, or VA loans, are government guaranteed loans available to veterans and active duty members of the armed services, that enable them to purchase homes for not money down. In fact, VA loans go up to 103 percent of... tag:gockel.hmdnsgroup.com,2006:/~searchli/danmelsonsite//4.3104 2008-02-04T15:00:00Z 2008-02-04T14:09:48Z Dan Melson http://www.searchlightcrusade.net/ "What mortgage fees can i recover after loan denial" was a search I got. The answer is basically, "None." Indeed, one of your search criteria should be mortgage providers that don't charge anything up front, except maybe a credit check... tag:gockel.hmdnsgroup.com,2006:/~searchli/danmelsonsite//4.3098 2008-02-01T15:00:00Z 2008-02-01T14:21:30Z Dan Melson http://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...