laxtosnoco
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Maybe her changing viewpoint is driven by wishful thinking and her personal financial circumstances. If the market picks up, then she might be able to get herself out of that pesky trustee sale that still appears to be scheduled for early May.
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Some sources are reporting that the tax 'credit' is really a loan. For example, according to CNN http://money.cnn.com/2008/07/23/news/economy/housing_bill/?postversion=2008072312 the $7500 credit would have to be paid back in equal installments ove…
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Wamu is probably not too far off, but my money would be on Downey (DSL).
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With only 4 years of credit history, a 714 FICO is pretty good. I'd concentrate on paying down the CC balances and would recommend you don't open or close any accounts for a while (assuming you've got at least 3 accounts reporting favorably). You'…
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If you're just looking to increase your score, I recommend you pull your FICO through Fair Isaac. When you get your report, it will give some information about what's good and bad with your score. Given the information from your original post, we …
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A few updates on my original post: We met with the local broker/correspondent and liked what we heard. We were very upfront that we're shopping around and were comparing him to a credit union. He didn't badmouth the CU and pointed out his advan…
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Though married, we have different last names so it was necessary for the CU to pull separate credit reports. This actually has nothing to do with your last names. For married folks, lenders look at both spouse's credit, and almost always use…
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So I'll follow up on Ubersalad's point from the consumer's perspective. In my case the CU was about $1,000 cheaper at first pricing. I bet the brokers will give a little on pricing, and let's say I do some negotiation to get the broker to cut his…
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Question, say you get approved for 400K and find a house for 350K and want to submit an offer for 330K. Does a pre-qual letter get included or a pre-approval in the offer? Does the approval amount stay between lender and lendee? Do you share it with…
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Ubersalad, just to clarify, those questions weren't for you, they are examples of the questions I'll ask the broker prospects. For me, the pre-approval process is a way to see if the broker knows what he's doing and to get comfortable with him. …
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Shop around for what? Most brokers probably won't even bother with you. Wasting time for few hundred bucks while answering crap load of pointless questions." That's a valid point about shopping around (rates and fees should be close), but I t…
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Yup. As I understand it, the FICO scoring algorithms consider shopping multiple loans of the same type in a 2 week window as one inquiry. So even though I'll have three inquiries on my credit report, the request will only count against me as if cr…
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So, I got some relatively quick responses from the lenders. The credit union (A) immediately produced a truth in lending (TILA) disclosure and GFE. I didn't get an immediate approval though; the system requested that I send in supporting documen…
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One of the referrals I checked into was a bank LO (Wells) and I also looked into my bank (Wamu) . I really wasn't comfortable with either because the Wells LO didn't have much experience and for lack of a better word, seemed too 'slick.' I checked …
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Hyperbola, congratulations on the new home! It sounds like you made an informed choice and thought everything through in advance. It's interesting that the 'discount' RE professional you used worked just fine, while the 'full-service' LO caused yo…
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Alan, you are never going to make it as a RE Professional if you keep using words like "orthogonal". (grin) That's not true at all. I saw a listing the other day touting new orthogonal tile in the kitchen. Haven't you heard that orthogonal …
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Economists have studied this effect for some time and the studies have been somewhat split about whether option expiration creates a non-random pattern. Even those studies that do indicate non-randomness doesn't mean that there's a guaranteed payof…
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Unfortunately, I believe original list price is only available to MLS members. Perhaps one of the agent/brokers who posts here would make the data available if you're interested in a particular area?
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The chart also assumes that earnings figures are accurate. With all of the writedowns we've seen lately, there were clearly some phantom earnings over the past several years, especially for financial sector stocks.
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Wow, 157 DOM and 4 (minor) price drops. Maybe she needs to find a new agent!
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I mean, are there really that many people out there that can pay $325k+ for houses like this? Yes, many people in your situation would 'stretch' their budgets and pay something more like $425-$475k. A close colleague of mine at work in your si…
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The interesting thing is that the PI group tends to vacillate about how they should respond to the down market. Some clearly think now is the time to highlight their expertise about homebuying topics like CC&Rs, mortgage reform, purchase agre…
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Anyone else get the Remax advertisement leading into the segment posted on the website? Nice job Tim, even though they didn't give you too much airplay.
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People also have to understand that not every home loan would be non-recourse. Generally this would only apply to first mortgages that are purchase loans. So if you've refinanced or if you have a second mortgage, being in a 'non-recourse' state doe…
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Yup, I bet the agent is getting this info from title searches. There are also companies that aggregate title information and make it available for marketing purposes. So much for privacy...
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I vote for number 2. I would modify it a little though: Sell now, rent for 6-24 months, drive a really hard bargain and buy.
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You can find recently sold homes when you search in Redfin. In your search box, use the 'Past sales' drop down box and recent sales will show up in light blue. I would warn you that since Redfin pulls the data from the county assessor's office, th…
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Congrats! Any RE site would be proud of those stats, and you didn't even have to resort to any Greatest Realtor in the World nonsense.
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Another shady re-list: same agent, same price, "new listing." http://www.redfin.com/stingray/do/print ... id=1520333 MLS: 28035288 1311 Oakes Ave Everett, WA 98201 Price: $279,900
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The Fed needs to raise rates, flush the toxic loans out of the system, and do their job as regulators. +1