Now, having been an infrequent contributor, and feeling a bit like a schmuck for such, I am resolved to start writing again. So, I have applied what little magic I have left to resurrect a dead horse. With my passions aflame, I will ride this undead creature until such a time as I have said my peace.<\/p>\n
Old topic, new bitch session. I recently had another home fall out of escrow due to a lying, conniving loan officer, whose ineptitude (at best) has caused untold misery. What was purported to be (verbally, and in writing) a stellar home buyer with exemplary credit and 20% down, has miraculously transformed into a miserable wretch with a 586 mid score, who’s attempting 100% financing on stated income for a $750,000 loan. My how people change!<\/p>\n
Who can stop this nonsense? Sweet Jesus! I always tell my clients that they’ll know the deal is done when the money is in their bank account. Well, that’s no help, but it’s the truth. And in spite of my cautious demeanor, they insisted on putting 20k (non-refundable) on a new home. Ah, the sweet smell of optimism.<\/p>\n
So, I am firmly resolved that no buyer shall have an accepted offer on one of my homes without either a fully disclosed and documented credit report, or being thoroughly scrutinized by a lender of mine or the seller’s choosing. Don’t like it? Don’t buy the home. If my clients decide to accept an unverified offer, I take responsibility only those items that fall within my purview.<\/p>\n
For the love and Jesus and God, and the Holy Spirit, somebody hold these people accountable for a modicum of veracity, please!<\/p>\n
Allen<\/p>\n","protected":false},"excerpt":{"rendered":"
Now, having been an infrequent contributor, and feeling a bit like a schmuck for such, I am resolved to start writing again. So, I have applied what little magic I have left to resurrect a dead horse. With my passions aflame, I will ride this undead creature until such a time as I have said […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-1540","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1336,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1336\/the-carnival-of-real-estate-29\/","url_meta":{"origin":1540,"position":0},"title":"The Carnival of Real Estate . . .","author":"Greg Swann","date":"April 23, 2007","format":false,"excerpt":"...is up at Trulia Blog. Jay Thompson did well with Why Do So Many Agents Fear Zillow? We entered and lost with Zillow.com at the Dawn of the Age of Abundance: Working for free is not a crime, trying to forbid it is... That post scored well at the Carnival\u2026","rel":"","context":"In "Blog Carnivals"","block_context":{"text":"Blog Carnivals","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blog-carnivals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2306,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2306\/our-program-is-so-simple-even-a-realtor-or-a-loan-originator-can-do-it\/","url_meta":{"origin":1540,"position":1},"title":"Our program is so simple even a Realtor or a Loan Originator can do it","author":"Jay Thompson","date":"December 2, 2007","format":false,"excerpt":"I\u2019m a firm believer that you can often learn as much by a bad example as you can a good one. Yesterday this little nugget slipped past my spam filters. Something, I don\u2019t know what, compelled me to read it. I need your help. Do you know someone that knows\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1382,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1382\/fha-streamlined-refinance-loans-originators-git-you-some\/","url_meta":{"origin":1540,"position":2},"title":"FHA Streamlined Refinance Loans: Originators, Git You Some !","author":"Brian Brady","date":"May 3, 2007","format":false,"excerpt":"Loan originators, subprime mortgage blues got you down in the dumps? Let's talk about a way to get your pipeline phat again. I'm going to give you a step-by-step plan to start, what Todd Duncan calls, the 90-day burn. If you follow these steps, and you don't close 10 loans\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2958,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2958\/zillowcoms-mortgage-marketplace-brings-anonymous-apples-to-apples-mortgage-rate-quotes-to-consumers-free-consumer-leads-to-lenders\/","url_meta":{"origin":1540,"position":3},"title":"Zillow.com’s Mortgage Marketplace brings anonymous apples-to-apples mortgage rate quotes to consumers, free consumer leads to lenders","author":"Greg Swann","date":"April 13, 2008","format":false,"excerpt":"This is my column for this week from the Arizona Republic (permanent link): \u00a0Zillow.com's Mortgage Marketplace brings anonymous apples-to-apples mortgage rate quotes to consumers, free consumer leads to lenders Wouldn't it be great if you could get a broad array of mortgage quotes without having to make dozens of phone\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9331,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/9331\/is-activerain-selling-loan-officers-an-exlusive-opportunity-or-just-selling-their-real-estate-agents-out\/","url_meta":{"origin":1540,"position":4},"title":"Is ActiveRain Selling Loan Officers An Exclusive Opportunity, Or Just Selling Their Real Estate Agents Out?","author":"Mark Madsen","date":"July 29, 2009","format":false,"excerpt":"I've received a few emails and calls from my loan officers this week about some new exclusive opportunity that Activerain.com is pitching to the mortgage industry. Apparently, Active Rain is cold calling mortgage professionals who have an AR blogging history and offering them an \"extremely rare opportunity\" to pay $299\u2026","rel":"","context":"In "Dirty Laundry"","block_context":{"text":"Dirty Laundry","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dirty-laundry\/"},"img":{"alt_text":"active_rain_making_money_off_the_backs_of_loan_officers_by_using_agents_as_a_carrot","src":"https:\/\/i0.wp.com\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-content\/uploads\/2009\/07\/active_rain_making_money_off_the_backs_of_loan_officers_by_using_agents_as_a_carrot.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1420,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1420\/can-i-ease-out-of-my-pay-option-loan\/","url_meta":{"origin":1540,"position":5},"title":"Can I ease out of my pay-option loan?","author":"Morgan Brown","date":"May 12, 2007","format":false,"excerpt":"Heard this one before? I tell you what, if I had a nickel... skip it, you know what I'm saying. During the last few years home owners, especially in areas with exceptionally low levels of housing affordability, have flocked in droves to the \"dreaded\" pay option mortgage. 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