Jerri Hente

ok, great.. here you go.
Countrywide 800-262-4218
good luck! - Thu Oct 9 2008, 11:41

I don't think that is the mortgage company.... if you can look into court records which are open to the public, you should be able to find out who holds the mortgage. (or if you have a title company that you have a relationship with, you can ask them and they will probably help you with the research).... if you find out who the mortgage company is, I might have a phone number for you for their REO department. that is why I asked you who the mortgage company is, so I can give you a phone number. Many companies have realtor companies that they are using for their listings, and since it is not on MLS yet, I will try to get your right into the mortgage company and they can direct you to the right person. - Wed Oct 8 2008, 13:31

who is the mortgage company? - Tue Oct 7 2008, 13:34

hmmmm. if you are in corporate housing now and your employer as been transferring you to different cities, the I have some questions to ask you that may help you decide what is right for you in rent vs. buy.
1. if your company is relocating you, are they paying any moving expenses, closing fees for the purchase of a home to the new area? does your company have a corporate relocation affiliation with a mortgage company that will provide discounted interests rates? if so, it is a great opportunity to purchase.
2. Does your employer buy out you current home if they transfer you to another desitination? If so, what is the process (do they get 2 or 3 appraisals at that time and give you a value to buyout based on that and give you the difference between value and how much you owe at that time?). or if there is a loss, do they make you pay the difference.? or do you have to sell it yourself?

maybe these answers from your company will help you to make a more comfortable decision on what is best for you.
jerri - Mon Oct 6 2008, 10:59

Hi Travis - I have read your question as well as the responses received and I think Vicky is right on. First of all you need to understand what you are getting into between using Lending Tree and a broker. both of them are going to sell your loan to a mortgage company and you have no idea who it is until you go to closing. you "could" get some surprise fees at the closing table as well which costs more money to you and when you are at the closing table, you feel "stuck" to proceed - which you do not have to, but the pressure is on when your moving truck is waiting outside. I do know of instances that when you are using a broker ,the mortgage company they were using on your loan LITERALLY did not have any money to wire to your closing as they were broke and out of business... I have taken over many of these loans at the last minute.
there is a difference - Lending tree is the same as a Mortgage Broker - they shop your loan and you have no idea where you are going to end up and with whom as a lender. if you have questions about your loan after closing - they are no longer accessible to help you. IF you have never experienced having a mortgage sold, it "can" be a nightmare as they change over the servicing (where you make your mortgage payments) and you "could" have difficulty receiving your mortgage statements and also having them receive your payments as their system may not recognize you yet and they will not accept your payment... yes, it gets a little complicated and messy. why have these headaches?
Please use a Mortgage LENDER... they are the solid companies that do NOT sell their loan - the loan officer you work with works FOR that lender - you stay with this company and the loan officer will be there to help you anytime AFTER the loan closes. these companies have the money to close and you are so much safer. and no surprises at closing. If you have any questions, you are welcome to call me or e-mail me.
Jerri Hente
jerri.hente@wellsfargo.com - Mon Oct 6 2008, 10:31