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Home Buying in Nob Hill : Real Estate Advice

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Sat Feb 16, 2013
David Rudd / Kindred RE answered:
Each State and County varies. Typically you can obtain a list of properties set to be auctioned by the lender. These auctions typically take place on the steps of the courthouse. MOST auctions require full cash (no financing, or showing up with a pre-approval letter). Typically, the buyers will have never seen the inside of the home. It is very high risk, but can have high rewards.

Hope this helps.
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Mon Feb 18, 2013
Robert Spinosa answered:
Alison,

A mortgage loan originator is defined as one who, for compensation or gain (or in the expectation of...), takes a residential mortgage loan application or offers to negotiate terms of a mortgage loan.

This individual may work for either a bank or a brokerage (or an institution that faciliatates both banking and brokering of mortgages, such as RPM).

Rob Spinosa
rspinosa@rpm-mtg.com
415-367-5959
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