Real Estate Marketing - Foreclosures, Loan Modifications and Government Bailout Plans - Part 8

!: Real Estate Marketing - Foreclosures, Loan Modifications and Government Bailout Plans - Part 8

realestatemarketingthisweek.com - Real Estate Marketing - The pitfall of forcing your bank to rescind your loan for lending violations when in foreclosure - With Michael J Barnes and Dan Havey of Real Estate Marketing This Week Part 8 - I have a question on that, it is my understanding and I could be wrong, but they don't need a copy of the note, they need the original note. You are correct. Your attorney of course will get a copy, because they are not going to send them the original. Items that your attorney is going to ask for, and I forget the number, I think its 47 different items that the attorney could ask for. Heres one. I've been in the industry for 20 years and I just heard this term a couple months ago, it's known as an alonge. What the heck is an alonge? Well apparently it's one of the documents that has to be in the file. While essentially the whole purpose of this is to catch the bank, the lender having messed up your loan somewhere along the way. Because if it is true that they violated some kind of Federal Law in the past when they gave you the loan or are in violation of the loan now, you can then take them to court. And you can sue them. You can have your loan rescinded. Which basically means it comes off your credit report. This loan never happened. As good as that sounds that may not be the best thing for the home owner. I want to back up just a little tiny bit, you mentioned the alonge, there's more to the alonge then it sounds like. The bank needs to ...

Real Estate Marketing - Foreclosures, Loan Modifications and Government Bailout Plans - Part 8

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Los Angeles Mortgage Broker Explains Short Pay Refinance

!: Los Angeles Mortgage Broker Explains Short Pay Refinance

www.mortgagehelplosangeles.com If the market value of your home is currently less than you owe your bank, AND if you are current in your payments and your credit is still in good shape, you may qualify for a new mortgage refinance approach that will reduce your principle to 90% of the current market value AND keep your credit intact. Details are included in this video or you can call Bill Rayman, Senior Vice President of Los Angeles Based Mortgage Capital Partners, to discuss solutions currently available to you. Call 310-453-4016 or read more on this blog http

Los Angeles Mortgage Broker Explains Short Pay Refinance

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Mortgage Broker Loan Officer Basic Training: Fundamental Skills for the Professional Home Mortgage Lender

!: Shopping Mortgage Broker Loan Officer Basic Training: Fundamental Skills for the Professional Home Mortgage Lender save

Rate : | Price : $199.99 | Post Date : Nov 18, 2011 21:00:10
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The field of Home Mortgage Lending is a dynamic industry that provides exciting careers in a stable arena designed to provide exceptional opportunity for career growth. The fundamental Mortgage Loan Officer Training program is created in an easy to understand format that provides a solid knowledge base and industry specific skills that will assist new and experienced loan officers in gaining top producing status within the mortgage lending arena. These newly learned tools will assist the professional loan officer in creating a foundation upon which to build their career success. The course covers industry specific information from fundamental lending basics to advanced career negotiation strategies. Designed in an easy to understand, full self-study format, this program provides the most complete training available on the market. Every beginning concept necessary to succeed at Home Mortgage Lending is addressed to assist the new lending professional in building those skills necessary to fully use the advanced training incorporated into the program. Written by SK Kenney, a best selling adult education author, this is an easy to understand complete home-study program that will provide all the knowledge and tools you need to enter the field of home mortgage lending and begin on the path to top-producer status. The course contains all of the basic industry knowledge required to enter the field, advanced concepts to assist the loan officer in gaining success and a complete marketing planning guide to provide the first foundation of career building referrals. The home-study training program incorporates additional, vital information to assist you in charting your career path, negotiating for a position and reaching career success! SK Kenney is a top selling career education author with a proven history writing successful adult education and real estate investment training. This is an easy to understand book that will provide all the knowledge and tools you need to achieve all of your career marketing goals.

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Mortgage Lending - Loan Officer Training

!: Promotional Mortgage Lending - Loan Officer Training guide

Rate : | Price : $59.99 | Post Date : Nov 15, 2011 20:18:37
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Congratulations on your decision to enter the mortgage-lending arena. Mortgage lending is one of the most secure, respected, and exciting career opportunities available. Each day will bring you challenges that you will overcome, the excitement of helping to create a loan program that meets the needs of both the borrower and the lender, and the satisfaction of helping each borrower achieve their dreams of home ownership. Home Mortgage Lending is an excellent career opportunity that provides stability, advancement, and a sense of satisfaction to the loan officer who obtains the knowledge and skills necessary to excel within the profession. The training contained in the course provides specific information concerning the loan process and the part you and others play in that process. The information we offer in this program provides you with the foundation that you need to become a well rounded mortgage professional. The top of your field, you will specialize in the overall picture. You will develop the perfect mix of knowledge and skills, add to it the creativity required when overcoming the specific issues that occur during the loan process, and begin on the path that will lead you to the top of your profession. Mortgage lending provides you with the career option that will make you one of the most highly respected professionals within your community. The skills that you will attain over the coming weeks will make you a commodity that is in high demand in the market. Research has shown that the most important attribute of a successful loan officer is the drive to succeed within their chosen profession. The drive to succeed surpasses educational degrees, experience and personal attributes. Purchasing this program shows that you have the initial drive needed to begin on the path toward career stability and success and the ability attain top-producer status. Mortgage Lending is perhaps one of the most satisfying career options available. You will perform the service of helping people to fulfill their dreams of home ownership. The industry is fast-paced, exciting and offers a stable opportunity to anyone willing to put forth the effort necessary to succeed. Each file you receive will contain a myriad of variations that will ensure every workday provides you with the challenge to perform at your best. The coursework builds the foundation that you will need in the coming days, months, and years. Upon successful completion of the coursework and an understanding of each review section, you will find that you are have a higher industry skill level then 90% of your competing loan officers.

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Commercial Loan and Commercial Mortgage Made Easy

!: Commercial Loan and Commercial Mortgage Made Easy

Obtain a commercial loan or mortgage easier than you think. Apply online fast, easy and free using a database of 750 commercial lenders for the best competing loans to choose from. All types of loans including SBA and construction loans for all types of properties including multifamily, retail, office, mixed use, warehouse, industrial, self storage, bed and breakfast, hospitality, day care, health care and other special use property. Visit smallcommercialmortgageonline.com

Commercial Loan and Commercial Mortgage Made Easy

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Refinance Your 30 Year Mortgage with a 15 Year Mortgage - Save Thousands of Dollars!

!: Refinance Your 30 Year Mortgage with a 15 Year Mortgage - Save Thousands of Dollars!

www.mortgagehelplosangeles.com Get a much lower interest rate and save thousands of dollars in interest every year on your mortgage. Current Interest rates for mortgages are at historic lows, but families are not taking advantage of the opportunity. There are many myths that might be contributing to this reluctance. Los Angeles Mortgage Broker, Bill Rayman explains how to judge whether you should be in the market for a refinance of your home or investment property. Call Bill for a free analysis at310-295-2900 ext 113 This video produced by http Music in this video is "Sweeter Vermouth", used with permission by Kevin MacLeod at incompetech.com

Refinance Your 30 Year Mortgage with a 15 Year Mortgage - Save Thousands of Dollars!

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How Much Does a Mortgage Broker Usually Make Off of a Mortgage Loan?

!: How Much Does a Mortgage Broker Usually Make Off of a Mortgage Loan?

Since compensation methods for mortgage brokers are not regulated by any government entity, it is important to note that brokers can charge whatever they want to for their services. Of course, since the number of brokers in the residential real estate market has steadily increased to the point where it is impossible to count how many there are, a number of industry standards have formed and become unofficial guidelines for how and what brokers will charge.

Who Pays The Brokers? Mortgage brokers get paid from multiple sources, and the most notable and substantial are the borrower and the lender. Since the broker's responsibility is to act as liaison and intermediary between the lender and the borrower, he is entitled to payment for such services. The borrower will pay the broker for assisting with completion and submission of the loan application paperwork, negotiating the best possible rates and contract provisions with the lenders, and acting as an independent resource for any and all questions or concerns. The lender will also pay the broker for assisting the borrower with paperwork, fielding all questions and concerns, and for negotiating with the borrower.

The borrower will pay the broker with cash for the loan application paperwork, and then points for other services rendered, an amount which will be satisfied at settlement and added to closing costs. The lender will pay the broker in the form of a flat commission for bringing new clients to that organization, plus something called a Yield Spread Premium, which is the difference between the lender's required interest rate and the one the broker convinced the borrower to accept.

Points Paid to Broker
A point is equal to 1% of the total loan amount, and different brokers will charge different amounts of points, usually based on the complexity of your loan. It is very important to note that these points charged by brokers for their services are different from points paid directly to the lender in exchange for a lower interest rate (called Discount Points).

It is not difficult to see how working with mortgage brokers can present some significant expenses and additional concerns about the cost and quality of a loan. Brokers currently account for the largest majority of residential mortgage applications, and present buyers with an option that is very attractive, provided of course that the broker and his agency are reputable and experienced.

How Much Does a Mortgage Broker Usually Make Off of a Mortgage Loan?

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