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The Lender Lure: Why Sellers Make You Talk to Their Lender

Posted on 21. Apr, 2010 by in Consumer Protection

The Lender Lure: Why Sellers Make You Talk to Their Lender

As a lender, I represent home buyers looking to get into homes. There are however lenders out there who represent sellers, usually in the form of an “LLC” or investment company that owns the property. Most of these LLC’s exist to “flip” properties and turn a profit (See “FHA Flips Flipping Rule“). These types of [...]

A Cookie and a Mortgage: What They Have in Common

Posted on 06. Mar, 2010 by in Consumer Protection

full_davidgoliath

Now, you know I always say “It’s like David vs. Goliath” (See Brenda Borrower Gets Buffed by Big Bank) when comparing us little guys to the Big Banks of America, Banks Far from Wells, and Banks Found in the City. Today I say it’s more like comparing a cookie. Think of it as  “Little Debbie [...]