Extending Buyers a Helping Hand (& Leg & Arm) (One more) pop quiz: what’s the biggest source of fraud in today’s housing market? A. Inflated appraisalsB. Seller downpayment “gifts” to their BuyersC. Borrowers falsifying data — including income –on their mortgage applicationsD. Shaky mortgages bundled into securitized debt and re-sold to investors Answer: B. Think...Read More
Dotting the Dots in the I’s The latest delay in a foreclosure deal where I’m representing the Buyer? The pre-approval letter from their lender lacked the lender’s signature. The bank might as well have objected to the font type and size in my client’s offer. What’s especially annoying is that the bank-owner was sitting on...Read More
