! Real Estate & Mortgage Professionals !'s topics - tribe.net

sub-prime

Monkey — Thu, 27 Dec 2007 19:47:44 GMT

With the recent clsing of Delta Funding as well as Option One Mortgage, does anyone still have a favorite sub-prime wholesale relationship out there?

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

Experiences from Dubai !

Shaikh-Zayed_bin_Sultan_Al_Nahyan — Tue, 17 Jul 2007 22:22:38 GMT

Anyone here had the opportunity to work in Dubai ?

I have gotten several offers to go, just curious as to what to expect and what sort of package i should have asked for.

I am a graduate of a Auctioneering,Valuations and Real Estate degree in Ireland so am looking forward to getting out and making money..Regardless of what country. Just need to find one with a bit more sun..

I look forward to hearing your responses.

Rob

posted in ! Real Estate & Mortgage Professionals ! - 1 reply

collecting rents from tenants during a short sale with lender

JeanPowers — Tue, 26 Jun 2007 20:04:00 GMT

am I allowed to do that?

I received deed in lieu of foreclosure ( i was in second position)

and now I am debating a short sale with lender -

what are the legal ramifications for collecting rents while not making payments during this process period

please advise

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

Money Merge Accounts

www_wantedhero_com — Sat, 14 Oct 2006 23:30:56 GMT

Why aren't more mortgage borkers helping people get OUT of debt?
Now, before anyone bites my head off, I know that seems like a slap in the face...I mean, we have some VERY good people in my area who helped us with our mortgage, and I'm sure many of you are good for people as well...
What I mean though, is I was introduced to something called a Money Merge Account, and when I was done asking all my questions, I was not only converted, I began wondering why all of you, who work with mortgages, didn't think of this sooner!
Without changing my current standard of living, monthly cash flow or spending habits, I'm now going to pay off my 30 year mortgage (had 29 years left), in only 8.8 years and I'll save $109,000 in interest payments to the Bank.

I would suggest all of you who work with mortgages investigate this, because US Bank, Wells Fargo and Chase Bank are banginging down the doors to get the business from these folks of U1st Financial. In fact, Chase Bank has a table at every single meeting I have been to, and I believe Zions Bank is meeting with representitives this next week.

Since I started using the MMA myself, i helped my little brother and my retired Uncle do the same. My Uncle, bless his heart, is retired military (army) and bought his first home here at 64. So, he'll be 93 before it's paid off? nope. He will pay off his home in 8.1 years, and will save over $201,000 in interest to the bank. I have also helped someone who will pay off their 30 year mortgage in only 5.6 years.

I know this won't work for everyone (you need decent credit---but don't we all, just to get a mortgage?), but I thought I would mention this here, and let you all investigate for yourself. If you have any questions, you can contact me through my website: TheJubileeProject.org. I would be happy to talk to any of you on the phone and give you any information I have.

I hope some of you will see the potential of helping people with their debts...and frankly, I hope it becomes a powerful tool for you to increase your own business. I'm just grateful I learned of this early on in my mortgage.

-Jaime

posted in ! Real Estate & Mortgage Professionals ! - 6 replies

12 units individual TIC

AlbionMoonlite — Mon, 02 Oct 2006 05:01:31 GMT

Yes it can be done. I am now able to offer up to 12 individual units as indiviudal TIC's with 12 loans. Naturally it works on two units as well.

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

Reverse Mortgage Information

cliffhanger — Wed, 11 May 2005 17:28:20 GMT

Hello,

A reverse mortgage is a HUD government loan to people 62 & over who want to stay in their house and not make any payments on the loan. Any homeowner 62 and over qualifies. The loan is repaid by the kids when their parents pass away. The seniors can never be forced to move, as they still own the house. Everyone gets the same interest rate (based on the Treasury Bill). Interest starts to accrue when the money is used. It is a great way for seniors to stay in their home and have access to the equity in their house. There is plenty of inheritance to leave to the kids. All the rates and guidelines are government regulated. The loan origination fees are also regulated by HUD and the same for everyone. I'm a Reverse Mortgage Advisor for the Bay, San Jose, Sacramento, and other area's. Contact me if you care to know more or have someone who needs a reverse mortgage. Also please join the Reverse Mortgage Information tribe.

cheers,

Randy Helms

posted in ! Real Estate & Mortgage Professionals ! - 3 replies

Mtg pros: Triple your apps - Mortgage Videos - see www.MoviesThatSell.com

RogerV_dotcom — Mon, 31 Jul 2006 22:17:45 GMT

whassup all, i'm a busy broker in LA (that's los angeles, not louisiana) - check these out - http://www.MoviesThatSell.com ... i'd love to hear any feedback.

We just came out with a new show at /www.rogerv.com/home_buyer_process.htm

I made these for myself and figured after other brokers asking for the 20th time if they could share / buy / bribe them from me, we just started sharing them.

Msg me for details... back to work! pricing 'em up!
tx!
www.RogerV.com
www.MoviesThatSell.com
www.LenderMate.com

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

I Do Complete Credit Restoration!

gacsolutions — Sun, 11 Jun 2006 19:54:06 GMT

My name is Shawn Mahdavi and I'm the General Manager for GACSolutions.com.

Global Advantage Credit Solutions is the Nations leader in credit restoration services. Our focus is on your needs. We offer a more personal and customized approach to help bring complete restoration to your credit. We are committed to provide you with faster results and a greater opportunity for success.

Please visit my site @ www.gacsolutions.com -or- call @ (877)33.SCORE!

posted in ! Real Estate & Mortgage Professionals ! - 5 replies

Portland Real Estate tribe

kevdiddy — Tue, 23 May 2006 05:06:44 GMT

Please visit and join my TRIBE site. It has great information about Real Estate in Portland Oregon. If you are ever intersted in buying a home or selling a home, or just want to learn more about this industry, this TRIBE site will give you great information for many of your questions.

http://tribes.tribe.net/portlandrealestate

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

Appraiser in Oshkosh WI

john — Wed, 04 Aug 2004 15:46:20 GMT

Anybody have a name/contact for somebody in this area please?
Thank you.

posted in ! Real Estate & Mortgage Professionals ! - 1 reply

Loan Question

Sandra — Wed, 21 Jul 2004 15:45:50 GMT

Hi,
I'm in Texas and will starting as a Loan Officer soon with a bank out of CA. It will be a new area for them here. What is the best way to get the word out so we can hit the ground running? Thanks
Sandy

posted in ! Real Estate & Mortgage Professionals ! - 5 replies

Looking for a good appraiser in Sacramento

Dave-Erickson — Thu, 23 Mar 2006 00:30:06 GMT

anyone work with any appraisers that aren't too busy and can do a full appraisal for about $300 on a Single Family Residence in Sacramento?

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

Cleaning of empty apartments/houses for quick turnover

xtinemac — Mon, 20 Feb 2006 22:55:37 GMT

I have a little cleaning company, Domestic Goddesses. I can work on the fly when you need that empty space cleaned up to sell or rent.

I am responsible, trustworthy, English speaking and efficient.

I am here to make up for those slackers that just take most of their belongings and leave a gigantic mess!! I'll bring all my own stuff and make it all sparkle, shine and smell good.

Available in the East Bay, Marin and SF. References available. Resonable rates.

I happen to be a pretty easy going person, too! I take pride in all the work I do and I am here to help you.

How to contact your Goddesses: 510-375-6383 or domestic_goddesses@comcast.net.

Chat soon!
Christine

posted in ! Real Estate & Mortgage Professionals ! - 2 replies

Auctioneers and Valuations requirements

Shaikh-Zayed_bin_Sultan_Al_Nahyan — Mon, 20 Feb 2006 17:10:50 GMT

What is needed to be a Qualified Auctioneer and Valuer in your markets ?

What are your options ?

I am a 2nd year AVEA (Auctioneering, Valuations and Real Estate) student of a 3yr course and am interested in my options as I dont have €12,000 approx required to purchase a IAVI membership in Ireland..I was wondering how it works Abroad..

Thanks,
Rob

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

Investors wanted for RE Developments

Carbo Investor — Fri, 20 Jan 2006 18:46:47 GMT

I raise private money for Real Estate Development projects, small and LARGE.

I need investors who want to invest into REAL ESTATE developments, like Residential Subdivsions, Condominium projects, and Commercial projects and who do not kick tires but actually want to make money.

All opportunities make the investor atleast 12-15% ANNUAL ROI and some make alot more.

The Real Estate Developers I work with are very experienced, proven, have multiple developments ongoing and will make you money.

If you want to make money in a relatively secure market place ( everything has risk ) - Let me show you what I have.

If you know people, investors, and funding sources who have the ability to investor $50K to several Mil. Join my tribe, email, call, you can make money too.

Jay Chiasson
www.carboinvestments.com
805-704-6910

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

More Options For Residential Investors And Brokers Stuck In A Glutted Market

west — Tue, 03 Jan 2006 02:43:30 GMT

If you are smart enough to know that the residential investment market is getting tougher and tougher to make money in, you are smart enough to know that you need to have other options.

Go to www.REInvestorsEdge.com for some interesting information on how you can consistently beat the competition as a real estate investor.

Visit now to get a SPECIAL INVESTOR'S REPORT and FREE BONUS.

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

Flash presentation + Mortgage websites available

RogerV_dotcom — Fri, 25 Nov 2005 22:03:30 GMT

check out
www.RogerV.com/leverage.html

I'd love to hear people's thoughts.

Also, my site works well - www.RogerV.com - so upon multiple requests, I'm selling copies of it. One example is at www.SofiaSaves.com or www.SeanGreenLoans.com - they all tie into www.LenderMate.com.

It's still early stage pre-"big company"...let me know if you want a site that works.

www.RogerV.com
email me off-tribe for fastest response - roger at rogerv dotcom

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

Decisons, Decisions

sweet.jesus! — Thu, 16 Dec 2004 02:28:49 GMT

Hello,

I am a recent home buyer, and not sure which type of loan to choose. I've considered interest only and heard today of a type of loan called an option arm (it had it's benefits, I think). I am not wealthy, and would love the cheapest possible payments, but I also don't really see the point of buying a home unless I can build equity soon. I don't count on a surge in home prices where I purchased (new condo, in "Midtown" San Jose, CA), and would love something that won't break my bank, while giving me a chance to build equity. Would love to hear some options, pros/cons. Thanks.

Clueless,
~J

posted in ! Real Estate & Mortgage Professionals ! - 8 replies

NEW, Empowering, Women-Only Tribe

atannouri — Wed, 28 Sep 2005 05:50:05 GMT

Check out *Real Estate Divas* tribes.tribe.net/redivas

An empowering, spirited tribe just for WOMEN around the world who are Real Estate Professionals, Real Estate Investors or simply WOMEN interested in getting into either.

Our objective is to create a strong, supportive network, share ideas and experiences, learn from each other and facillitate an environment to promote prosperity and financial freedom.

If you are FEMALE and want to chat about real estate, real estate investing and mortgage related issues, this is the tribe 4U! :)

Join Us today!

posted in ! Real Estate & Mortgage Professionals ! - 1 reply

International Transaction Exchange

JeanPowers — Thu, 06 Oct 2005 23:47:39 GMT

I have a client that I have done work for on several of her properties and she is now selling a piece of land she owns in Tokyo. What is going to happen when we bring the money home so to speak or where can I go to research this plan of action.

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

Rating sites

wygk — Fri, 16 Sep 2005 21:24:26 GMT

Just wondering if folks in the real estate business are taking advantage of (or even aware of) "rating" sites.

For example, there's a very popular site called ApartmentRatings (http://www.apartmentRatings.com) and a new site call RealtorRatingz (http://www.realtorratingz.com)

If you're interested, you can read more about the online ratings phenomena and what it means for local business in my blog at http://opinion.wygk.com/index.php?p=8

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

Resident Property Manager?

Wed, 10 Aug 2005 06:10:55 GMT

I am looking for a PT resident property management job in the East Bay. I have a VERY flexible work schedule during the day and an equaly flexible schedule at night. I also have some experience with the majority of what the job entails. I am organized, personable, responsible, and a great sales person.

In addition, I am taking some Landlord workshops at the local chapter of the CA Apt. Association and I'm more than willing to become certified in the industry.

Any leads as to people I can talk to about getting my foot in the door? Your help is GREATLY appreciated.

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

95% Construction to Perm Loans

Sandra — Mon, 21 Mar 2005 14:18:48 GMT

Hi,
I'm a broker who is doing quite a bit of CTP loans in the NE Texas area, In and around Dallas. I have found this to be a really decent product with a one time close. Contengencies are only 5 % on construction and a little less than 5% for interest. Can go with a 95% down as well or do as a refi for those who own their property. Would love to work with any one out there needing something special and personal attention.

Also help those having problems with regular loans without costing through the nose.

Have a great week!
Sandy

posted in ! Real Estate & Mortgage Professionals ! - 1 reply

Great mortgage banking career opportunity in LA

Monkey — Tue, 05 Apr 2005 23:06:42 GMT

Pacifica Mortgage, an Encino based company is looking for experienced loan officers to join our staff. Ideal candidates should have at least 3 years mortgage experience in a referral based environment.

At Pacifica, we're bankers, not brokers and with over 60 correspondent and wholesale relationships, we have access to just about every mortgage product available in the market today as well as some of the most aggressive pricing anywhere. Additionally, unlike many lenders, Pacifica doesn't use a padded rate sheet. We share in the full pricing with our loan officers, including the SRP. Pacifica offers a great commission split, fantastic benefits, and a truly welcoming, positive work environment. Fax resumes to 818-654-1528 or email me at jhecht@pacificadirect.com

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

Loan Originators Wanted ! No Experience Needed..

Joe — Sun, 13 Mar 2005 02:57:41 GMT

Job Title: Home-based Loan Originator (FT/PT)

American Best Financial is the solution for financial security, and a symbol of a living strategy for the 21st Century. Our business is well-structured to match the rapidly changing strategies in the new century. We have developed an advanced mortgage marketing system. This is opened to every individual who is willing to learn, and have an interest in the mortgage field. This system allows individuals to work at their own pace, and use a home-based foundation. Training is combined with a personal trainer, and the Corporate website to help individuals to become professionals. No layoff concerns, no regular working hours, and the ability to develop an income stream with unlimited income potential, plus ability to achieve financial independence and security.

We are currently looking for people who are interested in the mortgage industry and work as a Home-based Loan Originator (FT/PT) from their own home. We are only seeking honest and self-motivated individual to join our team. No experience necessary, but our preferred applicants should be at least 18 years old.

We offer:

*Free online mortgage training

*Personalized website

*Promotion opportunity

*Unlimited income potential / full or part time

Requirements:

*PC with internet access

*Valid E-mail

*Printer

*Fax machine (Optional)

You can apply at: www.abfinancial.net?id=6128

Email: jrocha@comcast.net

**For US resident only**

posted in ! Real Estate & Mortgage Professionals ! - 2 replies

Arizona Mortgage Broker License Exemption

JeanPowers — Mon, 13 Dec 2004 21:21:33 GMT

I work for a California Lic Broker. I have a client whose primary residence is here in California and now he wants to buy a second home in Arizona. I understand that I am not licensed in Arizona, but that I may be allowed to do 1 loan there on an exemption basis.

Has anyone done this before?

Does anyone know of any lenders that allow me to do this?

Any advice would help.

posted in ! Real Estate & Mortgage Professionals ! - 1 reply

I was quoted in CBS Marketwatch Article!

Deborah — Fri, 14 Jan 2005 01:06:46 GMT

From CBS.MarketWatch.com, online at:

http://cbs.marketwatch.com/news/story.asp?guid=%7B8BBC0345%2D327B%2D4CB6%2D82E9%2D866AC1341885%7D&siteid=mktw&dist

CBS.MarketWatch.com

Using home equity to create realty-investment returns
By Jennifer Openshaw, CBS.Marketwatch.com
Last Update: 8:00 PM ET Jan 12, 2005

LOS ANGELES (CBS.MW) -- Ever thought of borrowing against the equity in your home to invest in the stock market? The NASD is wagging its finger about that practice. In fact, it issued a warning to brokers this month saying it's not appropriate for most investors. See column on dangers of home-equity lending.

But how about using funds from a loan or line of credit against the equity in your home to invest in real estate?

Home-equity loans or lines of credit (HELOCs) are typically used to make home improvements or pay off debt. But they could make a lot of sense to boost your real estate portfolio, as Deborah Honeck found out after she left her job as a Silicon Valley executive to become a real estate investor.

That's because the tax deduction on a home-equity loan or HELOC can make the cost of your money extremely low -- as low as about 2.4%, based on a HELOC rate of 3.4% for those with the best credit, according to Bankrate.com. And you can have a ready source of funds without tapping other savings or investments you'd rather leave untouched. Finally, the opportunity to leverage your investment in real estate with a small down payment can result in returns much greater than the stock market.

Today, Honeck owns real estate worth just over $1 million, grown from an initial investment in 1998 of $57,000. If Honeck were to sell today, she would generate a 600 percent return on her initial investment over six years, before sales commission and taxes. This is an average rate of return of 100 percent per year, triple the 30 percent return that venture capital firms anticipate per year on an individual venture investment, according to a recent Joint Economic Committee study.

"I didn't expect to achieve that high a return on my investments," says Honeck. "The nice real estate appreciation we've seen in the Bay Area over the last five years certainly helped."

Honeck's strategy was successful -- so successful in fact that she decided to leave her profession as a Silicon Valley high-tech product manager and become a mortgage broker. Honeck now tries to help people replicate her success at Mortgage Magic, www.mortgagemagic.com, a San Jose based mortgage firm. See her firm's Web site.

Honeck was a pioneer in 2002, when only about six percent of people took out HELOCs to purchase property, according to the Consumer Bankers Association Home Equity Lending study. The idea is clearly catching on: the study indicates that today 22 percent of new HELOCs or home-equity loans are taken out to purchase property.

Honeck's story

In August 1998, Honeck got tired of renting small places at high prices. So, against the advice of well-meaning friends, she sold her technology stock and set herself the goal of homeownership by year-end. In November, Honeck found a house she loved for $290,000: a 1,600 square foot, 3-bedroom, 2-bath Eichler-designed home in San Jose, Calif.

Two years later, Honeck's decisions looked like genius as the technology stock market fell and the job market dried up. After Honeck was laid off from her job in Mountain View, she took a job in San Francisco and found that the hour-long commute left her with little time to do anything but eat and sleep. The job market was shaky, but Honeck had another inspired and unconventional thought.

"I crunched the numbers and realized that I could afford to own a home closer to San Francisco, if I could get a HELOC to use as a down payment," Honeck recalls.

Honeck started looking in Alameda and fell in love with a Victorian carriage house built in 1895. She decided to take out a $100,000 HELOC on her San Jose home and put $70,000 down on the Alameda home, which she purchased for $350,000 in 2002. It's now worth nearly $500,000.

Experts recommend caution

Borrowing against your home to invest is like leverage upon leverage, and it's not for everyone.

Jason Schwab, president of Schwab Financial Group Inc., a Los Angeles-based mortgage and business-management company, says taking out a HELOC to invest in the stock market is a bad idea.

"I never recommend that my clients take out a HELOC to invest in the stock market," says Schwab. "You don't take money from a safe investment and put it into a riskier one."

But Schwab agrees that taking out a HELOC to invest in another piece of real estate "is a similar investment type and makes sense for some clients."

Weigh the risks

Schwab elaborates on the risks involved in investing in real estate with funds from a HELOC:

* Market risk: The property may decrease, rather than increase, in value, particularly in high-cost states like California and New York. In this case, it could take years for it to return to its original market value.
* No renter/bad renter risk: No renter equals no monthly rent check at a time when two mortgages are due. A bad tenant who does not pay the mortgage or damages the rental could put you in the red.
* Rate risk: Home-equity loans offer fixed rates but HELOC's do not. When the prime rate rises, the rate on a HELOC typically does as well.
* Unforeseen property expenses: Houses, like anything else, need repair and maintenance. Plan on getting hit by high repair bills now and then.

Steps to take

If you think you are ready to take the plunge, consider taking the following steps:

* Self assess: Write down your objectives for purchasing rental property and how you would manage the risks involved. If you cannot manage the risks, including loss of tenants, then the strategy may not be right for you.
* Apply for a HELOC: Once approved for a HELOC, you know how much cash you have to invest, make improvements or use for emergencies. Be aware of possible annual fees on your HELOC.
* Talk to professionals: Talk to your accountant, a financial planner and a real estate agent. The more you learn, the better informed you'll be on everything from taxes to property valuation to market rental rates.
* Research the property: Take a look at rental and property appreciation trends in the area. You're betting that the property will appreciate, so assess the property and its risks very carefully.
* Plan for cash flow: Be sure to conduct a cash-flow projection.

Be prepared both for the possible loss of tenants and the rise in interest rates, as well as any investments needed to upgrade the property. Know whether you plan to hold the property for the long-term and what your ultimate goal is, such as to generate cash flow or to sell it upon appreciation.
Honeck now has a HELOC on both of her properties.

"I now have a HELOC on my Alameda property in case of unforeseen expenses or in the event the perfect property comes along," she says.

If you're at all uncertain about whether to use a loan or HELOC to make your real estate investment, be sure to talk to a financial adviser.

Jennifer Openshaw is CEO of Family Financial Network, which provides financial advice through software products and workbooks. She is the author of "What's Your Net Worth?" and the host of a public television show of the same name.

posted in ! Real Estate & Mortgage Professionals ! - 1 reply

Anyone know where one can get good leads?

Mike — Sat, 19 Feb 2005 08:43:18 GMT

I've been searching online, but, they all look the same. Anybody have any advice, tips, recommendations, or reviews of any lead sources?

- Mike

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

Great marketing resource

Deborah — Fri, 02 Jul 2004 23:43:03 GMT

User "Unsubscribed" wrote on californiarealestate.tribe.net about Inman real estate news. They have a news feed and a reasonably-priced online newsletter you can customize and send to your clients.

I just created my online newsletter at http://www.realtydirect.net/news/default.asp?Pub=5211

Have a look - I'm pretty pleased.

- Deborah

posted in ! Real Estate & Mortgage Professionals ! - 5 replies

Cell Phone Directory

Ryan — Wed, 28 Jul 2004 14:33:34 GMT

Would anyone in business use this?

www.wyty.com

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

thanks Al! @#%&*!!!

cArLiToS — Tue, 20 Jul 2004 22:52:50 GMT

I just wanted to thank Al Greenspan for his what I think is a bogus economic forecast. But alas rates will go up although my take is only for a while till the markets correct and prove the old man is wrong.

posted in ! Real Estate & Mortgage Professionals ! - 4 replies

Mortgage Software

Ryan — Fri, 02 Jul 2004 04:28:31 GMT

Does anyone use Mortgage Coach Software?

posted in ! Real Estate & Mortgage Professionals ! - 3 replies

Marketing/referral ideas?

Sugoi — Tue, 01 Jun 2004 08:18:49 GMT

Hi, Aussie broker here.....just wondering what the industry is like in other countries regarding marketing & referral sources, soft dollar issues, etc. Has anyone got any creative ideas that have worked for them? I have tried stuff like letterbox drops, shopping centre displays, newspaper, radio, school newsletters, open houses, building relationships with RE, conveyancers & accountants (to name a few) but I need that EDGE. Any ideas? much appreciated

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

San Diego Realtor

Anne — Wed, 05 May 2004 01:02:58 GMT

Hello I am new here...I work and play in sunny San Diego where our housing is on the up and up every month! Anyone interested in my market...feel free to contact me and view my website at www.gerenteedtosell.com THANKS!

posted in ! Real Estate & Mortgage Professionals ! - 2 replies

Mortgage Broker

Jason — Wed, 24 Mar 2004 23:06:23 GMT

I'm a loan officer from Des Moines, Iowa, just wondering if anyone was from the surrounding area. I am currently looking for new clients for refinance and new home loans. My company also has a sister company that offers closing and title services.

posted in ! Real Estate & Mortgage Professionals ! - 4 replies

Buying or selling a note?

JohnCorey — Wed, 12 May 2004 19:02:36 GMT

If you have a note to sell, let me know. I am looking to buy some good ones for my IRA.

If you want to buy a note (assume 10% or greater interest rate) for you IRA then let me know.

Thanks in advance,
John

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

NJ broker?

justsayjo — Wed, 07 Jan 2004 19:44:53 GMT

I need a mortgage broker licensed in NJ. Anyone help me out?

posted in ! Real Estate & Mortgage Professionals ! - 5 replies

Using the Internet with Real Estate and Mortgages

Wed, 21 Jan 2004 21:27:06 GMT

Hi guys, I just received my Real Estate license early this year and now work with a development company to help sell their homes. On the side I also started a Web Design firm to help supplement income. They both compliment one another well. I noticed that after I started building my own web site I could show off my homes much faster online and get people interested without having to drive them around. It also helped me to get all formalities out of the way because most people, who had visited my site, were up to speed on all the little things. My partner and I are now developing a way to connect my Real Estate site to the MLS. So with a push of a button, I can now update my site with all my listings. How have you all done with the internet? It is now my feeling that this seems to be the way its going.

posted in ! Real Estate & Mortgage Professionals ! - 8 replies

Obtaining License

joe5150 — Tue, 20 Apr 2004 19:13:28 GMT

Hey guys,
I just wanted to ask which method(s) did you use when obtaining your agent/broker licenses? college courses, proprietary training from real estate firm, city/state training classes??
...a penny for your thoughts...
joe

posted in ! Real Estate & Mortgage Professionals ! - 3 replies

New here

Jessica — Tue, 04 May 2004 16:46:23 GMT

Hello all. I wanted to introduce myself since I am new here. I am a journalist who writes about residential real estate and technology. I'm actually doing some research right now looking at how real estate professionals are using Tribe to network. I would be very interested in hearing everyone's experiences so far. If you are interested in talking with me off the discussion board, please drop me an e-mail at Jessica@inman.com.

posted in ! Real Estate & Mortgage Professionals ! - 2 replies

Trade note for OR real estate ?

HarleyLady — Sun, 14 Mar 2004 05:04:49 GMT

I have a note for ~$194K @ 8%, 30 year amort, payments ~$1500 mo. The note is not well-seasoned, only 18 months old, however all payments have been made either on time or early. The note is secured by a small, well-maintained motel I sold, located on the SW Washington coast, value $250K. The purchasers have excellent credit.

Am interested in using the note to purchase property in Oregon, anywhere in the Willamette Valley, between Eugene and Canby areas. Would consider further north or south for an exceptional property. Looking for small acreage, private and quiet setting, with a well-maintained home of at least 2,000 square feet. Have additional cash and pre-approved through credit union and will consider property valued to $400K. Not interested in selling note as discounts are too high.

posted in ! Real Estate & Mortgage Professionals ! - 4 replies

Alert! Advisory Appraisals Now Covering All of Massachusetts!

Dane — Wed, 24 Mar 2004 14:09:22 GMT

Dear Mortgage Lenders/Brokers:

Give us a try. We will not let you down.

www.advisoryappraisals.com
617.666.9730

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

Washington State

Tom — Thu, 11 Mar 2004 03:44:25 GMT

How many people in here are from the great NW???

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

Anyone Need a Processor?

Musique174 — Mon, 09 Feb 2004 07:05:59 GMT

I am a Mortgage Loan Processor in the Bay Area and I am looking for employement. If any of you know anyone that is hiring an experienced processor, please let me know... I can send a resume as well as references to anyone that requests it. Thank you for your help.

posted in ! Real Estate & Mortgage Professionals ! - 2 replies

What would the term be in the US?

JohnCorey — Tue, 13 Jan 2004 20:00:26 GMT

In the UK there is the following terms or labels.

Mortgage broker - someone who brokers loans and works with the public.
Mortgage packager - a mortgage broker whole also does the early stages of underwriting and therefore presents a pre-approved package to the funding institution.

Assume the phrases are not exact but close enough.

A mortgage broker will see about 30% of the applications submitted fail to be approved. Actually slightly more than 30%. A mortgage packager averages 92% success (applications to completed loans) with the majority of the 8% being applicants who back out or otherwise do not complete the purchase using the loan.

Are there any such distinctions in the US? As a regular US investor I find it diffucult dealing with brokers who really do not understand underwriting so can not accurately represent what deals will be able to be funded vs. those that have problems which underwriting will bounce.

In UK terms I would like to work with someone who packages loans as I have room to change the terms of a deal if I knew what the lender is really going to look for in the details.

John

posted in ! Real Estate & Mortgage Professionals ! - 8 replies

Any Quantum Grads here

RogerV_dotcom — Wed, 03 Mar 2004 06:44:32 GMT

Just curious...
www.RogerV.com

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

Alternative Financing

AlbionMoonlite — Thu, 19 Feb 2004 18:31:31 GMT

For purchases or refiance I have several excellent cash flow ARMS whose pay rate for one year is 1.95%. This can enable one to get into a property, fix it, and get out, with very little exposure. FICO 680 please. Stated income okay.
No documentation possible also. Personal service our specialty, please call Charles 415-296-8444.

posted in ! Real Estate & Mortgage Professionals ! - 0 replies

Is it slowing down?

Kathy — Thu, 08 Jan 2004 02:58:45 GMT

Hello everyone!

I'm a mortgage banker, working as a broker, in Wisconsin. It appears that it is slowing down a bit for the past month here. There isn't as much real estate activity right now. How has it been for the rest of you?

posted in ! Real Estate & Mortgage Professionals ! - 4 replies

Notes/trustdeeds/mortgages

Adam — Mon, 19 Jan 2004 09:21:04 GMT

I’m writing to tell you that I purchase trust deeds mortgages and portfolios for sale. If you have any of these I will buy them from you so in the event that you have a trust deed mortgage or portfolios for sale or if you just want to get ride of them, or one of your friends or clients needs to sell a trust deed or mortgage of their own, please give me a call at 360-317-5910. This is your chance to get the money you are owed now.
I buy both existing Seller carry back trust deeds and new trust deeds being created in the sale of a property straight out of escrow. So if you know of a trust deed or a mortgage, I will buy it for cash. If you come across a note that’s not yours, for sale or even not for sale and reefer it and I sell it or buy it you get 700-1000 dollars cash. I can buy a note within 7 business days GUARANTEED!!!!!!
Feel free to give my name and phone number to any of your associates that need to sell a trust deed or mortgages.

ADAM WHITE
P.O. Box 2382
Friday Harbor, WA, 98250
(360) 317-5910
g_white18@hotmail.com

posted in ! Real Estate & Mortgage Professionals ! - 0 replies