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Rainmaker
2,641,652
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I once told a young couple who were barely able to qualify during a shifty Real Estate market to NOT buy until they strengthened their position. They absolutely had no reserves, rainy day money or cushion and were dependent on never missing a day of work. They were stressed about the whole thing. It was the right thing to do at that time...

Mar 26, 2019 12:30 PM
Rainmaker
1,387,173
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Nope.

Mar 26, 2019 12:14 PM
Rainmaker
1,736,068
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

As an agent, it wasn't my responsibility to help people get qualified but I could recommend a few qualified loan officers to help them.   Actually, it's best not to get involved because if things go bad they might blame you. 

Mar 26, 2019 01:08 PM
Ambassador
3,055,926
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I wish you all the best with your real estate studies.

Mar 26, 2019 12:05 PM
Rainmaker
5,571,886
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

not any stories... but had them sell personal property to raise money if they were short...jewelry with appraisals...... or take a collateral loan against whatever they had for collateral.... 

Mar 26, 2019 11:56 AM
Rainmaker
4,116,764
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Yes, I do... but this is part of my fiduciary responsibility to maintain confidentiality so I wouldn't discuss this in an open forum. And as I don't loan money my involvement is usually limited to introducing my clients to the right lenders for their specific situation. At that point I bow out of the equation.

Mar 26, 2019 04:21 PM
Rainmaker
1,921,264
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I don't kennith, I send my clients to a licensed mortgage broker to qualify for a mortgage.  

Mar 26, 2019 04:05 PM
Rainmaker
4,209,376
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Seek out a trustworthy mortgage broker with multiple funding sources.

Mar 26, 2019 03:15 PM
Rainer
326,222
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

Yeah, I helped a HS friend rebuild his credit for 18 months. We went and looked at a dozen or so homes and he drove by a sign called the agent and bought the house through the listing agent. 

Irony of that story is, he bought an ex's childhood home, which had done the same thing to me the previous year, after dragging me around for 4 years before she transferred back home after the military. She did not need help with the mortgage though.

Mar 26, 2019 02:57 PM
Rainmaker
684,615
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Yes I do. One that comes to mind is the time I spent a Saturday with a client while he repaired over 20 freeze damage breaks. The plumbing had to be in working order in order for him to pass the Appraisal. It was FHA too, so they were going to be extra picky. A few trips to Home Depot & a long day of passing him tools but he got the loan & bought the house and now I know how to swap out copper piping.

Mar 26, 2019 02:37 PM
Rainmaker
1,899,269
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Absolutely. I've successfully steered several people to USDA loans that were turned down for conventional loans kennith Frazier 

Mar 26, 2019 01:36 PM
Rainmaker
4,042,729
Richard Weeks
Dallas, TX
REALTOR®, Broker

Not very interesting, I just refer them to good local lenders.

Mar 26, 2019 01:05 PM
Rainmaker
5,586,209
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

No, we do not, and I would keep such stories as confidential.  A

Mar 26, 2019 12:54 PM
Rainer
317,590
Caroline Gerardo
Sun West Mortgage Corporation - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

1. Loans to movie stars, but they made me sign an agreement to not tell. They blank out the deeds

2. Drove to someone's house 31 times 2 hour drive one way to get it done.

3. Had a couple die during the process

Mostly love the happy stories where they dance at closing. Did have one win a small lotto AFTER closing 

Mar 27, 2019 05:26 PM
Rainmaker
556,568
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

A buyer couldn't qualify by conventional means due to the property having an access easement over BLM owned by a neighbor.  We had a portfolio lender fund the property.

Mar 26, 2019 09:05 PM
Ambassador
4,256,968
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Nothing I can share here. Good luck with your studies, Kenneth!

Mar 26, 2019 08:24 PM
Ambassador
4,579,055
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

No and that would be confidential.

Mar 26, 2019 05:09 PM
Rainmaker
6,606,233
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

There are stories with every transaction. That is when you find ideas for blogs.

Mar 26, 2019 04:45 PM
Ambassador
5,408,079
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Yes i do.

Mar 26, 2019 04:27 PM
Rainmaker
1,230,031
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Instead of 20 Questions per day...

Mar 26, 2019 02:02 PM
Rainmaker
960,861
Diana Zaccaro Broker Associate
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

I have many from my mortgage broker days but in real estate I either list or work with cash buyers.

Mar 27, 2019 01:28 PM
Rainmaker
1,153,550
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

It has been 11 years ago that realtors have nothing to do with mortgages or applications. Not sure your home work for studying  material is all dated from years.  Next time go for an in person license exam as this kind online schools are only after your money. 

Mar 27, 2019 07:29 AM
Rainmaker
888,887
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Helping people get qualified.

This must occur BEFORE they become clients.

My most rewarding and easiest tool is accessing the 'unclaimed funds' resources every state has. Found money could mean paying down a card or two.

Knowing the limits of USDA and regional development funds can go a long way in getting people qualified.

 

Mar 27, 2019 05:14 AM
Rainmaker
3,331,180
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I have a different view, a buyer who did not listen, went out and bought a new car and a camper before they closed and the bank pulled their mortgage

Mar 27, 2019 04:30 AM
Rainmaker
1,596,596
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

No idea. 

Jun 19, 2019 08:31 AM
Rainmaker
2,062,524
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Nope.

Jun 18, 2019 04:12 PM
Rainmaker
4,938,372
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

My lender does that.

Apr 01, 2019 04:00 PM