Profile picture for David Turner

David Turner's Advice

Contributions are sorted newest to oldest.

  • 53 Contributions
  • 0 Best Answers
  • 18 Helpful

David Turner wrote:

A Stern Warning To America's Real Estate Consumers About Predatory REALTORS®

Answer
"the vast majority of unsuspecting real estate consumers in America"There is a term for derogatory blanket statements directed towards a group of people..."bigotry".So the majority or buyers and sellers are naïve and you would like to everyone to know what a master you are, to sell books no less.Did I sum this up correctly?
January 03
(1)

2 yrs out of Chptr 7 Bk, should I try to buy or rent? Credit score 580

Response
With no cash on hand your only option is rent. Try to find a lease that will allow you save. In addition to the down payment you will incur other costs, not to mention have the need to show sufficient reserves.
September 16 2013
(0)

My wife's credit is not good, mine is 730.

Answer
There are a lot of other factors that go into a loan consideration besides price (range) and "not good" credit. If her credit is that bad and you don't need to qualify her income, leave her off the mortgage entirely.
September 11 2013
(0)

Can I legally fire my buyer's agent if he made us sign an exclusive buyer representation agreement?

Answer
An attorney should be able to find even the smallest detail in that "contract" to consider it void. I hope you do not follow suite and continue to sign documents without properly reading them first. Good luck.
September 10 2013
(0)

Quicken Pre-Approval Question

Answer
Why do RE Agents roam the mortgage section preaching for people to contact local lenders? Justin is more than correct in that the "local lenders" usually work with contract processing and underwriting. Also not all "online" lenders are strictly online. We have online locations, retail, hybrid, etc...No matter who you work with make sure there is an actual conversation. Just because an AUS spits out an answer based on a few numbers, does not mean there are not other issues that will need tackled. Working with someone with the ability to detect the red flags early goes a long way in insuring you close on time.Chris is spot on. A quality preapproval is worth far more than one obtained for the sake of putting in an offer. Keep in mind too that most preapprovals, especially those created by an AUS, spit out a maximum purchase price. Every situation is different and what range you should be shopping in should never be dictated by a preapproval maximum.
September 06 2013
(1)

own a house outright..want to buy another why this one sells...on disability...credit score of 799..

Answer
Income is income. That said your best bet may be to contact a credit union based on your small loan amount.
August 22 2013
(0)

Mortgage with Collections on Credit Report

Answer
PM sent.
August 21 2013
(0)

Underwriter signed off on loan, MI rejected due to a deposit, confused.

Response
There shouldn't be an issue if you can source the funds. You shouldn't have the same problem with the second company because the funds are already in your account.
August 14 2013
(0)

Non Purchasing Spouse, living in Comm Prop state, buying out of state

Answer
I believe it will in fact rely on your residence. In what state is your primary and in what state are you considering purchasing?
August 12 2013
(0)

Mortage

Response
What do you mean by "don't have the greatest credit"? Do you know approximately what your scores are? Are there any derogatory marks on your report? If you have not yet done so and are worried about your credit, go to annualcreditreport.com to receive your free tri-report.
August 08 2013
(0)