Posts tagged as:

closing costs

Buyers Beware: Homebuyer Survey Says – “Market conditions” making lender’s service worse….really?

A Buyer’s Satisfaction Survey by J.D. Power & Associates shows that loan originator satisfaction is down. Much of the frustration comes from longer turn times, which is a completely other subject, tightening underwriting guidelines and unmet expectations.
You see, this doesn’t surprise me at all. I still see it every day, and I’ll be honest with [...]

2 comments Read the rest of this Article -->

Loan Rescue – 911

by Scott Schang November 3, 2009 Red Flags

I really struggle with these kinds of things….on one hand, I am angry and passionate because the so-called professional should have known better. I want to yell from the roof tops. I want to saddle up and do my best impression of Paul Revere.
On the other hand, I think that sometimes there is no intentional [...]

0 comments Read the rest of this Article -->

“When” you buy can mean higher closing costs

by Scott Schang August 3, 2009 Market Updates

I had this conversation the other day with a new home buyer and thought it would be valuable to pass along to you. We were talking about what the estimated closing costs would be so that the funds needed to close could be estimated as close as possible.
Many closing costs can be estimated like lender/loan [...]

6 comments Read the rest of this Article -->

AB 957 – “The Buyers Choice Act” – Gives buyers more control over closing costs

by Scott Schang June 24, 2009 Market Updates

State Assemblywoman Cathleen Galgiani is leading the charge on AB 957 which proposes to give buyers control of choosing a title and escrow company when buying a bank owned (foreclosed). By allowing the buyer to choose the title and escrow company, this empowers the buyer to negotiate their costs for these services.

We will keep an [...]