Posts tagged as:

misinformation

New Good Faith Estimate – Definitely a Step in the Right Direction

I tend to be a bit cynical when it comes to expecting the bad apples to be good apples just because new rules require them to, but in this case, I think the new Good Faith Estimate is a step in the right direction.
In January, I will have a live class explaining the details of [...]

2 comments Read the rest of this Article -->

I want to Change the World – have I finally lost it?

by Scott Schang December 13, 2009 Buyers Beware!

Am I too idealistic? Am I naive? Is it possible in today’s grown up world of cold hard truths?
It is possible. Let me show you.
The mortgage industry has earned the reputation of being greedy, unethical, sleazy – These are only a few of the PG-13 accusations leveled against a select group of bad apples that [...]

4 comments Read the rest of this Article -->

Mortgage Emergency

by Scott Schang December 7, 2009 Uncategorized

A Mortgage Emergency occurs when your current lender either misinforms you, misleads you or just plain drops the ball!
We often hear nightmare stories from home buyer that are trying to save their loan, save their home and save their good faith deposit.
These home buyers often find us because we offer a lot of education and [...]

0 comments Read the rest of this Article -->

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

by Scott Schang November 23, 2009 Buyers Beware!

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 -->

Why it’s important to be prepared BEFORE you hire a Lender

by Scott Schang November 5, 2009 Loan Programs

We put a lot of energy into trying to educate and empower home buyers in an effort to help folks be able to avoid being misled, misinformed or simply being treated as some lender or real estate agent’s big “Pay Day”.
Today, all that work paid off. I received this email from Sean O’ Rourke.
He was [...]

0 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 [...]