“Hi Gary. I need every dollar I can get when I sell my condo next month. I interviewed a discount broker and he says he does just what a regular broker does. But I didn’t get a good feeling talking with him. Something made me uneasy and I don’t totally believe him. Do you think […]
“Hi Gary. We see your signs and your face everywhere. My wife and I have never bought a home before. I heard that legally the home has to be of a certain condition to sell. Specifically that the plumbing, heating, electrical, and appliances must work, and that the roof is watertight. Is this correct?”
***ANSWER:
No. There […]
“Is it really true that with a no-documentation loans that you can just claim any income and obtain any size loan? That must be why there are lots of foreclosures now.”
***ANSWER:
No and yes.
No doc loans have to make some sense to the loan underwriter (decision maker).
I once received an offer on my client’s home […]