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Financing in Richardson : Real Estate Advice

  • All132
  • Local Info21
  • Home Buying33
  • Home Selling3
  • Market Conditions9

Activity 3
Wed Apr 16, 2014
Annette Lawrence answered:
Your question is, "Should they?"
It is clear they do not take showings into account. And they should not.

When ti comes to offers, we all know the lender is the third party negotiator. So, financed offers should be ignored as they are now.

Absorption rates and market trends are considered for scaling.

That leaves CASH offers.
Cash offers ARE THE AUTHORITATIVE voice and appraisers are not invited.

If the listing agent has a clue, he/she will know what the appraised value will be. The agent needs to know who the lender is, and kicked the squirrelly ones to the curb at the start.

Next step is to make the appraisers job easy. Now who doesn't prefer EASY?

Apprisals have not been a problem here in the Tampa Bay area of Florida, as long as Wells Fargo and Bank of America and Chase are kept out of the picture. Even when they are involved, the agent and the seller KNOW what to expect. Don't allow your seller to be ambushed.
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Fri Jul 26, 2013
Gregorio Denny answered:
FHA would be your best bet, however if you are in default or delinquent on direct or guaranteed loans of participating federal programs, you may find that you cannot get an FHA mortgage. You would need to find out if your name appears in CAIVRS from a lender. ... more
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Tue May 18, 2010
Brad answered:
I always say to trust your gut feeling. I wrote a post two days ago on shopping for a mortgage at http://houstontxmortgagelender.com/houston-mortgage-pong/ and I hope this helps. Lynn911.com posted some great ways to search for negative info on any lender however you will not find info on the Loan Officer on any sites currently. It's usually the Loan Officer that does a good or bad job, not the Lender. You can always ask for the Loan Officers past testimonials as well. ... more
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