In Pennsylvania we have a nice sales agreement used by members of the Pennsylvania Association of Realtors. It covers title insurance commitment cancellation fees very nicely in TWO places.
The seller agrees to convey marketable title and the buyer agree to pay for the search, including cancellation fees, if any.
The mortgage contingency clause contains similar […]
consumer strong arming a loan originator and it makes me soooooo mad
May 15th, 2008 · 4 Comments
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back-up loans and double-locks
May 12th, 2008 · 1 Comment
The subject of back-up loans came in a Google alert this morning and since I’m wearing my special RESPA reform hat lately, it played through my mind as yet another problem solved by the proposed reform.
[As an aside Todd has me all freaked out about scarfing pics on the web so just for Todd, […]
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I believe
May 3rd, 2008 · 2 Comments
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Those who are complaining about the “closing script” keep saying it’s a 10 page script. It’s not.
May 2nd, 2008 · 10 Comments
Just in case you are getting your information from gossip and not directly from the HUD proposal, here are examples of scripts. Look at each one, please. Yes, it’s important that you look. Thank you.
Example 1 – Fixed Interest Rate Mortgage
Example 2 – Adjustable Rate Mortgage
Example 3 – Adjustable Interest Rate with Initial Discounted Interest […]
Tags: Inman
hyper-localized blog on fire…….
April 23rd, 2008 · 9 Comments
Sorry, I haven’t been here much lately but Todd, my man, you gave me a sales and marketing tool that is just going nuts and I love it.
Our community is discovering Ligonier Living for the positive community forum it’s designed to be and a place to stay on top of local happenings. I haven’t decided […]
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I lifted this pic from Bloodhound because….
April 7th, 2008 · 1 Comment
It reminded me that I have always used scripts. I don’t know a professional who hasn’t developed a script that you can eventually say in your sleep for major portions of your presentations. The trick is to adapt and adjust the script ever so slightly for the unique characteristics of the transaction. […]
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imagine what life was like before we had the HUD-1 form
April 2nd, 2008 · 3 Comments
It doesn’t happen much anymore but years ago we would still see closing statements prepared by attorneys using their own forms. Can you really imagine working without standardization of settlement disbursements disclosure?
I remember life before the 1003. Conventional lenders had their own application forms. FHA and VA had their own forms. […]
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