Buyer Help
Tagged as:
From the Trenches,
Op Ed,
Snark
An illustration of just how ridiculous lender requirements have become, direct from an email written by a loan officer and sent to loan specialist Rob Chrisman: “Rob – The following is an actual underwriting condition from a large wholesale lender which is known for having the best wholesale pricing for conforming loans. (As background, the [...]
27 February 2010
Read the full article →
Op Ed
Tagged as:
From the Trenches
This doesn’t top some of the other nonsense we’ve discovered banks pulling, but it’s pretty nasty. The bank selling the house our buyer fell in love with requires that the buyer’s Realtor reduce their commission (i.e. take a pay cut) if the buyer wants the seller to help pay his/her closing costs or make repairs [...]
2 February 2010
Read the full article →