They need to tell you in writing EXACTLY what has changed and why they want to charge you more %. Is this a national lender such as one of the big banks or is it a Mortgage Broker, etc.
I suggest you call a reputable company and ask them to pre-qualify you to see what they say........ more
A letter stating this is usually only asked for when you have less than a 2 year work history. It's difficult/impossible to get an employer to write that you will be employed for any period of time in the future, what usually works is to have HR provide a verification of employment that details your "full-time" "permanent" (as opposed to temporary) employment. They usually won't have a problem stating that your employment status if full-time/permanent. This should satisfy this U/W guideline.... more
No, she is not breaking the law. A homeowner is free to essentially do anything they want with the home since they own the property. One option that sometimes occurs is that the homeowner will sell the home to the current occupants through a short sale.... more
This is usually not a great option for buyers, and not something sellers want to do in a hot market. Make sure your representative has expertise on how to structure the deal if you do find one. It's complicated.... more
It sounds as though you have been misled. A good lender would have had their ducks in a row.
The problem: You may not get the house and due to funding issues. You were misled..
The Solution: Try and get reimbursed by Network Funding. Write them a letter detailing the dates and expenses. The reasons you feel you were misled. Include that you are willing to go through great lengths to get your money back.
Also, get an approval from a reputable place. I have several.
Orange County Real Estate Group
CRMLS Matrix is the multiple listing service, so it will be the most up-to-date. Redfin is a brokerage and they are fed directly from the MLS, as are any other brokerage sites--like my own. Trulia and Zillow, on the other hand, get listings from multiple sources and are not usually as up-to-the-minute.
The best way to keep updated is by working with a Realtor who will stay on top of the market for you. If you're not already working with an agent, I'd be happy to help you with any questions or viewing local properties.
Joe Van Fossen
Keller Williams Realty
I know there is a complex in placentia. I don't remember about the association or not. Otherwise it would be outside of Orange County for something like you want. What county do you want to live in? Let me know and I will talk to you soon. Bye for now
Ingrid Ski Realtor
Go look at them at the design center and them negotiate before you agree to the deal. You'll need a frame of reference though so if you're not familiar with construction/upgrade costs you should shop around and see how much these upgrades normally run.
What you'll probably find is that some upgrades are priced competitively while others are way out of line. That has been my experience and one of the things I've helped clients negotiate wisely. Sometimes a $5000 credit to closing costs is worth $10,000 of upgrades at their prices. If there is any room for them to negotiate you'll want to do it before you sign the contract.
On a side note, I've frequently found discrepancies between what a builder has on site for upgrades and the actual materials at the design showroom. Not better or worse, just different. For this reason alone I'd go check out the design center first.... more
Its not too late. Your agent can and probably still can help you, they just aren't entitled t a commission for their work. You could perhaps work something out with them to compensate them for their time and experience in assisting you.
Bottom line is you need contingencies for your loan and inspection of the property. Expect an incremental payment schedule as the different phases finish. Also beware that association dues are subject to change and often do later (becoming more expensive)
The builder contracts are pretty firm with regard to these issues and penalties for backing out can be harsh. I like to have an attorney review all new home contracts as they differ greatly from the standard Association of REALTORS form and almost nobody except the builders agent is really familiar with the agreement for that particular builder. There is a lot of fine print and design guidelines so there is no quick "bullet points" answer that will truly protect your interests.... more
You should be asking your agent or the builder...
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
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No this is not right. Your loan agent can get you back your money, you need to be persistant with her. Do you have anything in writing that says the lender is paying the fees? If so you need to take it to her and request your money back. They are a business like anyone else. They can write you a check if they want to.
Best of luck to you,
Prudential CA Realty
Restricted stocks cannot be counted as income.
In fact, restricted stock cannot be counted as reserves.
Because there is no ability to sell the stock, it is not considered liquid.
This is taken off of the FNMA guidelines.... more