Posted on: 28th Aug, 2007 12:11 am
Hi all,
It's been a long time since we've all joined hands and helped our community grow. But how well do we know each other? Let's start off by telling you something about myself.
I'm Brian Dela Cruz, Marketing Manager at MortgageFit. I've been associated with this community since April, 2006. And, it's been a pleasure interacting with the people here and helping them to the best of my abilities.
It would be great if you too add something about yourself here.
Happy introducing!
Thanks,
Brian Dela Cruz
It's been a long time since we've all joined hands and helped our community grow. But how well do we know each other? Let's start off by telling you something about myself.
I'm Brian Dela Cruz, Marketing Manager at MortgageFit. I've been associated with this community since April, 2006. And, it's been a pleasure interacting with the people here and helping them to the best of my abilities.
It would be great if you too add something about yourself here.
Happy introducing!
Thanks,
Brian Dela Cruz
welcome benjamin,
Nice to have you amongst us :)
Nice to have you amongst us :)
Hi everyone. I'm Steve Jones, recent first-time homebuyer and full-time domain entrepreneur. This forum looked like an interesting helpful place so I figured I'd join.
My homebuying experience was an interesting one - not so much buying the home but the loan process. The condo seller's preferred lender was a company that was a client of mine when I worked at NVS (real estate appraisal management firm) though different branch offices, and I ended up really getting dicked around. I ultimately had to pay 20% down, and pay off my credit cards and my car to quality for a CalHFA first-time homebuyer program through them...ended up getting a pretty nice 5.25% fixed 30 year mortgage even though originally I was quoted 5.625%, and along the way they almost tried to stick me with a 7% 10-year interest only! Anyways, I had intentionally stayed living with my mom until I bought a place so I could afford it and never throw away money on rent, so I'm happy at least I accomplished what I wanted to. However, as you see in my sig, I've lost more than my down payment in value on the place (yes, I realize saying "lost" isn't accurate as I still own the place and plan to for at least a few more years). I bought at a supposed good time to buy, when prices were "low", but they kept going lower and lower...ugh.
Anyways, I'm glad to see a nice helpful forum like this and will surely make use of experts here whenever I encounter more mortgage/home-buying fun. Good luck to everyone in your businesses, lives, and loans!
My homebuying experience was an interesting one - not so much buying the home but the loan process. The condo seller's preferred lender was a company that was a client of mine when I worked at NVS (real estate appraisal management firm) though different branch offices, and I ended up really getting dicked around. I ultimately had to pay 20% down, and pay off my credit cards and my car to quality for a CalHFA first-time homebuyer program through them...ended up getting a pretty nice 5.25% fixed 30 year mortgage even though originally I was quoted 5.625%, and along the way they almost tried to stick me with a 7% 10-year interest only! Anyways, I had intentionally stayed living with my mom until I bought a place so I could afford it and never throw away money on rent, so I'm happy at least I accomplished what I wanted to. However, as you see in my sig, I've lost more than my down payment in value on the place (yes, I realize saying "lost" isn't accurate as I still own the place and plan to for at least a few more years). I bought at a supposed good time to buy, when prices were "low", but they kept going lower and lower...ugh.
Anyways, I'm glad to see a nice helpful forum like this and will surely make use of experts here whenever I encounter more mortgage/home-buying fun. Good luck to everyone in your businesses, lives, and loans!
Hi Steve,
A warm welcome on behalf of our community.
Thanks for sharing your experiences with us. It's quite a detail and hopefully it'll be an interesting read for others as well.
A warm welcome on behalf of our community.
Thanks for sharing your experiences with us. It's quite a detail and hopefully it'll be an interesting read for others as well.
Just wanted to say Hi to everyone and introduce myself. My name is Eliza and I'm a PA Realtor as well as a Medical Assistant. If you have any questions about the current housing market, weather you're wanting to buy or sell, don't hesitate to ask...or even if you have simple medical questions maybe I will be able to help =)
Hi eroxxzy,
Welcome to our community.
Hope you like participating here and interacting with others. Feel free to send me a pm in case you'd like to give any suggestions for our community. :)
Good luck
Welcome to our community.
Hope you like participating here and interacting with others. Feel free to send me a pm in case you'd like to give any suggestions for our community. :)
Good luck
Hi,
I wanted to introduce myself- I have been a "guest" here for a while (using name Bailey) but I didn't register because I was in middle of a job change. I am now back with Midamerican Home Services Lending, a Joint Venture with Wells Fargo Mortgage. (Our name will be changing to Home Services Lending in 2 weeks.)
I have been a mortgage originator with Wells Fargo Mortgage, then this affiliate for 6 years, then I moved to Bank of America for a few months, then back to this Wells Fargo affiliate. My office is in a large real estate office in Des Moines, Iowa. Prior to originating mortgages, I worked in the mortgage servicing department at Wells Fargo Mortgage (call center, taking escalated calls.)
I am happy to have this forum as a resource- it is always good to increase my knowledge base! I also hope I can perhaps help out homebuyers and contribute in a meaningful way.
I wanted to introduce myself- I have been a "guest" here for a while (using name Bailey) but I didn't register because I was in middle of a job change. I am now back with Midamerican Home Services Lending, a Joint Venture with Wells Fargo Mortgage. (Our name will be changing to Home Services Lending in 2 weeks.)
I have been a mortgage originator with Wells Fargo Mortgage, then this affiliate for 6 years, then I moved to Bank of America for a few months, then back to this Wells Fargo affiliate. My office is in a large real estate office in Des Moines, Iowa. Prior to originating mortgages, I worked in the mortgage servicing department at Wells Fargo Mortgage (call center, taking escalated calls.)
I am happy to have this forum as a resource- it is always good to increase my knowledge base! I also hope I can perhaps help out homebuyers and contribute in a meaningful way.
The easy way: go to stop foreclosure : tostopforeclosure.com
Those are REOs.
For pre-foreclosure, there are several ways. They include, note buying, short sales, and providing services to those at risks of foreclosure. As to how to do each, that's a bigger lesson than I can post here. You are better off learning which ever method you wish to work with.
I run a real estate seminar list. You might find one that suits you.
Also, be aware that foreclosure investing is also rehab investing. You will rarely find a foreclosure that doesn't need, at least minor rehab. Especially in today's market when buyers are looking for upgrades.
Those are REOs.
For pre-foreclosure, there are several ways. They include, note buying, short sales, and providing services to those at risks of foreclosure. As to how to do each, that's a bigger lesson than I can post here. You are better off learning which ever method you wish to work with.
I run a real estate seminar list. You might find one that suits you.
Also, be aware that foreclosure investing is also rehab investing. You will rarely find a foreclosure that doesn't need, at least minor rehab. Especially in today's market when buyers are looking for upgrades.
bailey, it's nice to know you actually have a first name.
it's also nice to know you decided to join us, at last, instead of masquerading as a pop-in visitor, aka guest, for so long. we welcome your expertise and good counsel.
it's also nice to know you decided to join us, at last, instead of masquerading as a pop-in visitor, aka guest, for so long. we welcome your expertise and good counsel.
You're most welcome Kathy Bailey. Looking forward to more interaction in our forums. :)
may god bless you.
may god bless you.
Greetings all.
My name is Billy Grossmiller and I run the marketing and sales at TITLE, inc. We're a title agency operating in all 50 states. Since our incorporation in 1998, we have steadily grown to assist in all forms of real estate closings.
If you are in need of high-quality title at an extremely competitive rate, or would just like an unbiased opinion, please email me for a personalized company introduction.
I believe sites like this will better the entire community by connecting professionals with professionals.
Best,
Billy Grossmiller
TITLE, inc.
1-800-660-9025
"BG@TITLEinc.com"
"www.TITLEinc.com"
[Deactivated email address and link as per forum rules. Thanks.]
My name is Billy Grossmiller and I run the marketing and sales at TITLE, inc. We're a title agency operating in all 50 states. Since our incorporation in 1998, we have steadily grown to assist in all forms of real estate closings.
If you are in need of high-quality title at an extremely competitive rate, or would just like an unbiased opinion, please email me for a personalized company introduction.
I believe sites like this will better the entire community by connecting professionals with professionals.
Best,
Billy Grossmiller
TITLE, inc.
1-800-660-9025
"BG@TITLEinc.com"
"www.TITLEinc.com"
[Deactivated email address and link as per forum rules. Thanks.]
Hi BG,
Welcome to our forums.
It's a pleasure to have professionals from different fields as part of this community. I hope you'll enjoy being a part of this community and participate in the community activities as well.
May god bless you.
Samantha
Welcome to our forums.
It's a pleasure to have professionals from different fields as part of this community. I hope you'll enjoy being a part of this community and participate in the community activities as well.
May god bless you.
Samantha
My name is Carol and I am new to the forum. I own a site which offers online legal form products, including deeds and other real estate forms. The name of the site is "MyLegalEdge.com". The URL is "http://www.mylegaledge.com".
I also have a sister site which offers legal summaries on a variety of subjects. The name of this site is "MyLegalReview.com". The URL is "http://www.mylegalreview.com".
I hope to be of service to you in the forum and I look forward to being a participant in various discussions.
Sincerely,
Carol Thompson, J.D. :D
[Link deactivated as per forum rules. Thanks.]
I also have a sister site which offers legal summaries on a variety of subjects. The name of this site is "MyLegalReview.com". The URL is "http://www.mylegalreview.com".
I hope to be of service to you in the forum and I look forward to being a participant in various discussions.
Sincerely,
Carol Thompson, J.D. :D
[Link deactivated as per forum rules. Thanks.]
Hi Carol!
Welcome to MortgageFit Forums!
It will be great to have you as one of the members of the community. I hope you'll enjoy being a part of MortgageFit community and participate in the community activities also.
Thanks.
Welcome to MortgageFit Forums!
It will be great to have you as one of the members of the community. I hope you'll enjoy being a part of MortgageFit community and participate in the community activities also.
Thanks.
Hi Carol,
Welcome to our community.
I'd sent you a pm. Just check it out.
Hope you'll enjoy visiting our community :)
Thanks
Welcome to our community.
I'd sent you a pm. Just check it out.
Hope you'll enjoy visiting our community :)
Thanks
Hello everyone!
My name is Carl Pruitt and I have been in the mortgage/real estate businesses since July 1985, and have been an FHA specialist for the last 10 years. During that time I have run a mortgage company, been branch manager of a retail mortgage office for a national bank, and run a real estate brokerage.
During that time I have seen just about everything. When I started, my first fixed rate FHA loans had interest rates of 13.65% and we were having a boom because rates had improved. We had to type FHA documents on carbon paper and start over after any mistake. We had to order a credit report and wait until the next day for it to be delivered by courier printed on security paper. I've seen the advent of automated underwriting, the rise to prominence of subprime lending and its subsequent crash, then watched it come back with a vengeance and now crash once again. This time nearly taking the rest of the mortgage market with it.
One thing which was very different when I started as a loan officer was that we were required by our employers to apprentice under an experienced loan officer before being sent out on our own. Over the last few years, training and experience of this kind has been sorely lacking in the mortgage industry. Too many loan officers jumped in from other professions with no financial training whatsoever. Being a loan officer transformed into solely a sales job at some point.
Now I train loan officers and write about mortgage topics, among other things. Better training for loan officers wouldn't have kept us from paying the price for having too much loose credit in the market, but it might have left us in a better position to recover.
Thanks!
My name is Carl Pruitt and I have been in the mortgage/real estate businesses since July 1985, and have been an FHA specialist for the last 10 years. During that time I have run a mortgage company, been branch manager of a retail mortgage office for a national bank, and run a real estate brokerage.
During that time I have seen just about everything. When I started, my first fixed rate FHA loans had interest rates of 13.65% and we were having a boom because rates had improved. We had to type FHA documents on carbon paper and start over after any mistake. We had to order a credit report and wait until the next day for it to be delivered by courier printed on security paper. I've seen the advent of automated underwriting, the rise to prominence of subprime lending and its subsequent crash, then watched it come back with a vengeance and now crash once again. This time nearly taking the rest of the mortgage market with it.
One thing which was very different when I started as a loan officer was that we were required by our employers to apprentice under an experienced loan officer before being sent out on our own. Over the last few years, training and experience of this kind has been sorely lacking in the mortgage industry. Too many loan officers jumped in from other professions with no financial training whatsoever. Being a loan officer transformed into solely a sales job at some point.
Now I train loan officers and write about mortgage topics, among other things. Better training for loan officers wouldn't have kept us from paying the price for having too much loose credit in the market, but it might have left us in a better position to recover.
Thanks!
