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89410 : Real Estate Advice

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  • Home Buying3
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Activity 3
Sun Apr 13, 2014
Rachel Alexander answered:
Thank you for confirming that Jim & Lisa, you guys are The BEST! I thought so! But am surprised how often I see 'right of survivorship' spelled out (unnecessarily) on deeds around here. It's amazing how the SIMPLE vesting of Joint Tenants on a deed can avoid probate for the surviving owner if one dies. Such a simple thing to do if one doesn't have a Trust in place yet (me but I'm working on one!). It doesn't seem like vesting a property 'as husband & wife' is ever appropriate, is it?? Unless the deed says 'as joint tenants' after 'husband and wife', right? Probate isn't hard in NV but it seem SO simple to avoid completely. ... more
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Mon Nov 18, 2013
Rachel Alexander answered:
Megan did her job and did her job WELL. She was looking out for the best interests of her clients...she's well respected in this town where I also work. And I know she knows the law and that forcing a client to use a certain lender, inspector, title co etc is illegal in NV UNLESS the buyer signed an 'affiliated relationship disclosure'. And I am certain Megan's company has such disclosure and that she knows this law to the tee. I won't even recommend inspectors anymore......I have a huge notebook with many sample inspections that I loan out to a buyer to peruse and pick one on their own. But with all that said, I do have some lenders that know the rules better than others and escrow officers that make no mistakes on final huds......do I prefer to work with them? You bet! But I don't FORCE anyone too. Nor would Megan. Nor would there be any financial gain from it. Sometimes clients come to you with their cousin lender that's been on the job and licensed for all of 20 minutes and that's who you're stuck working with.....I even had a SBA lender trying to write his cousin's residential primary residence loan! He didn't even have a residential license! Needless to say, another lender closed that deal after a 30 day extension and approx $2K immediately released to the sellers (I had the sellers)....I figured the cousin owed the buyer that much to donate to the escrow! And the deal closed. In this Original Poster instance, Meeeegan is right....realtor haters! And Megan is far from vengeful......the notion is absurd and I have had dealings with her and they have ALL been pleasant and professional!! I'm curious if you did waste money on an attorney and how that worked out for you? ... more
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Wed Mar 27, 2013
Sheree answered:
Thank you all very much! I would prefer to stick to a local mortgage lender as I am anti big-banks (I'm a little bias as I work for a credit union) :) I will continue to work on my credit in the meantime. Although I have another question, if I find a job before I move and it is in the same field, would I still need to be working for that institution for a year? ... more
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