Comments for Fixing Your Rate.com http://fixingyourrate.com Negotiating the tricky undercurrents of the new financial world Sun, 05 Sep 2010 14:12:19 +0000 http://wordpress.org/?v=2.6.3 Comment on How do I find out if someone is using my name for mortgage loans that I know nothing about? by HgO http://fixingyourrate.com/?p=53#comment-107 HgO Sun, 08 Nov 2009 19:39:34 +0000 http://fixingyourrate.com/?p=53#comment-107 Check your credit reports from 3 bureaus: Equifax, Transunion, Experian. If there are discrepancy with real history the bureaus should be able to give you the details. Then get in touch with the banks that gave out mortgage to "you" . This is a federal crime and banks have Fraud departments that will work with you. Good Luck! Check your credit reports from 3 bureaus: Equifax, Transunion, Experian.
If there are discrepancy with real history the bureaus should be able to give you the details. Then get in touch with the banks that gave out mortgage to “you” . This is a federal crime and banks have Fraud departments that will work with you.
Good Luck!

]]> Comment on How do I find out if someone is using my name for mortgage loans that I know nothing about? by pizzagirl http://fixingyourrate.com/?p=53#comment-106 pizzagirl Sat, 07 Nov 2009 17:36:57 +0000 http://fixingyourrate.com/?p=53#comment-106 Go in person to a bank. They can help you look up your credit report. It will cost you a little more to do this but it's worth it. I have some weird crap on mine that I am still fighting. But, at least I know about it to fight it!!! By the way, my name is Crystal and Kris, Jr. is giving me a bad credit rating. My fight has allowed me to rectify myself and buy a second house. Don't stop fighting for your good name!!! Go in person to a bank. They can help you look up your credit report. It will cost you a little more to do this but it’s worth it. I have some weird crap on mine that I am still fighting. But, at least I know about it to fight it!!! By the way, my name is Crystal and Kris, Jr. is giving me a bad credit rating. My fight has allowed me to rectify myself and buy a second house. Don’t stop fighting for your good name!!!

]]> Comment on is it advantageous to talk to different banks/mortgage companies for options on mortgage loans? by Crasty http://fixingyourrate.com/?p=75#comment-191 Crasty Tue, 25 Aug 2009 03:54:49 +0000 http://fixingyourrate.com/?p=75#comment-191 In truth, immediately i didn't understand the essence. But after re-reading all at once became clear. In truth, immediately i didn’t understand the essence. But after re-reading all at once became clear.

]]> Comment on is it advantageous to talk to different banks/mortgage companies for options on mortgage loans? by Crasty http://fixingyourrate.com/?p=75#comment-189 Crasty Wed, 12 Aug 2009 17:37:37 +0000 http://fixingyourrate.com/?p=75#comment-189 Thank you! You often write very interesting articles. You improved my mood. Thank you! You often write very interesting articles. You improved my mood.

]]> Comment on is it advantageous to talk to different banks/mortgage companies for options on mortgage loans? by Floost http://fixingyourrate.com/?p=75#comment-188 Floost Fri, 07 Aug 2009 08:34:04 +0000 http://fixingyourrate.com/?p=75#comment-188 I added your blog to bookmarks. And i'll read your articles more often! I added your blog to bookmarks. And i’ll read your articles more often!

]]> Comment on Mortgage loans? by derekpm http://fixingyourrate.com/?p=49#comment-177 derekpm Mon, 13 Jul 2009 03:49:26 +0000 http://fixingyourrate.com/?p=49#comment-177 Rather interesting. Has few times re-read for this purpose to remember. Thanks for interesting article. Waiting for trackback Rather interesting. Has few times re-read for this purpose to remember. Thanks for interesting article. Waiting for trackback

]]> Comment on What does it mean when my student loans have a zero balance due to a claim? by KonstantinMiller http://fixingyourrate.com/?p=31#comment-175 KonstantinMiller Tue, 07 Jul 2009 03:00:42 +0000 http://fixingyourrate.com/?p=31#comment-175 Hi. I like the way you write. Will you post some more articles? Hi. I like the way you write. Will you post some more articles?

]]> Comment on Mortgage loans? by xugu http://fixingyourrate.com/?p=49#comment-93 xugu Fri, 19 Jun 2009 12:03:03 +0000 http://fixingyourrate.com/?p=49#comment-93 Lenders wire the funds to the escrow account. The escrow/title company handles the disbursement, so you'll be receiving a check from them, Lenders wire the funds to the escrow account. The escrow/title company handles the disbursement, so you’ll be receiving a check from them,

]]> Comment on Mortgage loans? by Justin http://fixingyourrate.com/?p=49#comment-90 Justin Sun, 14 Jun 2009 12:13:04 +0000 http://fixingyourrate.com/?p=49#comment-90 That is incorrect. The lender disburses their check to the title company. The title company then disburses monies owed to all parties involved, the seller get's his check minus his costs. If the underwriter finds out about your "little side bet" you will get denied before you can blink. The scenario you mention above is a violation of Real Estate Settlement and Procedures Act and is therefore illegal. That is incorrect. The lender disburses their check to the title company. The title company then disburses monies owed to all parties involved, the seller get’s his check minus his costs.

If the underwriter finds out about your “little side bet” you will get denied before you can blink. The scenario you mention above is a violation of Real Estate Settlement and Procedures Act and is therefore illegal.

]]> Comment on Mortgage loans? by larry r http://fixingyourrate.com/?p=49#comment-89 larry r Fri, 12 Jun 2009 20:57:38 +0000 http://fixingyourrate.com/?p=49#comment-89 These are the kind of deals that give the mortgage and real estate industry a bad name. There's always someone out there willing to break the rules and the result is more regulation and paperwork for the rest of us. People complain about how much paperwork there is for a mortgage. If anyone took the time to read the documents, it would be obvious that what you are doing is not allowable. The loan officer is basically advising you to commit fraud. What I don't understand is why any loan officer or real estate agent is thinking when they jeopardize their career over a $40,000 deal. There are honest ways to solve this problem without getting anyone in trouble. If the property really appraised for $55,000, (and the appraiser wasn't in on this scam) you and the seller can agree on a higher selling price to include some seller concessions. The seller can legally pay up to 6% of the sales price (on some loans) in concessions including buyer's closing costs, repairs to the house, etc. For most conventional loans, the maximum seller contribution is 3% of the sales price. You could get a first mortgage for the $40,000 and have the seller carry back a second mortgage for the balance. The terms of the second can stipulate a discount under certain conditions. What I'm saying is, you can be creative without being illegal. These are the kind of deals that give the mortgage and real estate industry a bad name. There’s always someone out there willing to break the rules and the result is more regulation and paperwork for the rest of us. People complain about how much paperwork there is for a mortgage. If anyone took the time to read the documents, it would be obvious that what you are doing is not allowable. The loan officer is basically advising you to commit fraud. What I don’t understand is why any loan officer or real estate agent is thinking when they jeopardize their career over a $40,000 deal. There are honest ways to solve this problem without getting anyone in trouble. If the property really appraised for $55,000, (and the appraiser wasn’t in on this scam) you and the seller can agree on a higher selling price to include some seller concessions. The seller can legally pay up to 6% of the sales price (on some loans) in concessions including buyer’s closing costs, repairs to the house, etc. For most conventional loans, the maximum seller contribution is 3% of the sales price. You could get a first mortgage for the $40,000 and have the seller carry back a second mortgage for the balance. The terms of the second can stipulate a discount under certain conditions. What I’m saying is, you can be creative without being illegal.

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