any homeowners here?

BirdMom · Post by **BirdMom** » Tue Jul 15, 2003 6:07 pm

O.K., so we're in the process of trying to buy this house in Fullerton which is owned by two guys - one is a real estate agent, the other is a mortgage broker - they're partners in investment properties. Anyhoo, it seems Mortgage Man is throwing stupid conditions at us, regardless of the fact that we've been pre-qualified for our homeloan. Is this normal? I want my "new" old house! Is there some kind of board to complain to? (shades of City Hall). Legally, we should be able to chose whichever lender we want - not be forced to go through the homeowner...

EColiOnAStick · Post by **EColiOnAStick** » Sat Jul 19, 2003 1:02 pm

Its probably not illegal....but from a business ethics standpoint its pretty shady. Sounds like he is trying to earn a commission on the financing.

In a seller's market, some sellers do put some weird conditions on sales sometimes just because they can. If it were me.....if something stinks...get away from them as fast as you can. There are TONS of properties out there for sale and I'm sure you can find something as good as, if not better than that house without the grief of dealing with some shady operators.

There is a pretty decent website for home sales that you can cruise...

http://www.realtors.com

And no...Im not a real estate agent. :)

Weeble · Post by **Weeble** » Sat Jul 19, 2003 1:06 pm

I agree Birdmom, I am currently home shopping too. You can go with any lender you please, if the terms are different from what you are already prequalified for, you could end up paying thousands and thousands extra over the course of the loan.

BirdMom · Post by **BirdMom** » Sun Jul 20, 2003 12:17 am

Thanks guys - this is turning into torture. We qualified for a lot of money, but it's actually "average" considering what home prices are in O.C. and we're trying to find something that wouldn't put us in the poorhouse if real estate prices fall quickly again (the way they did after the last bubble in the early 90's). You know - spending at least $100K less than the bank wants us to spend (and OWE them!).

Morrigoon · Post by **Morrigoon** » Mon Jul 28, 2003 4:36 am

Birdmom: you're posting on a board of Disney CMs dear. No, we are not homeowners, LOL.

(j/k ;) )

BirdMom · Post by **BirdMom** » Tue Jul 29, 2003 4:46 pm

Morrigoon wrote:Birdmom: you're posting on a board of Disney CMs dear. No, we are not homeowners, LOL.

Nah, I worked there 11 years and knew enough lifers in the park that were homeowners that I know a little better than that assumption Morrigoon. Of course there are certain lifers (30+ years) who are still taking as many ADO's and ER's as possible and still living with Mom and Dad who will not become homeowners until Mom and Dad die (ahem - I think they know who they are) that they skew some of the data. But when I hired in way back when, it was still a time when Disneyland was the source of some of the best paying union jobs around. Jeeze, the guys who worked the RETLAW attractions were making twice as much as the rest of us. And when I was a merchandise lead, on holidays or when I was on golden time, I was making as much hourly money as a guy I dated who was an engineer at McDonnell-Douglas. Thanks to jerk-ass Michael Eisner and Frank Wells, those great rates are gone and they want it to be a place where people will work for peanuts.

Stupid Guest Tricks

any homeowners here?

any homeowners here?

Sounds real shady....