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Jim Behrmann's Advice

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  • 15 Contributions
  • 0 Best Answers
  • 0 Helpful

Jim Behrmann wrote:

Refinancing 101

Response
Nicely put, GRFolks.
October 18 2008
(0)

Best source for foreclosure listings?

Response
It may be a hassle, but going to the lender's site directly will yield some possibilities. For instance, Wells Fargo's foreclosures website is www.pasreo.com .. If you find anything there and have questions, be sure to contact me. james.behrmann@wellsfargo.com take care,Jim Behrmann
July 19 2008
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Has any LO here actually CLOSED a 203(k) rehab loan?

Response
Hey Andrew! I experienced the 203k training this afternoon. There is a lot of paperwork involved! But, like anything, you get used to it and become more efficient. You do have to make sure that the borrower, the builder, the appraiser, and etc fill out the documents completely or you will get it sent right back to you. I don't think it's a bad program, but I probably won't be doing a ton of them. By the way, our pricing is capped at 103.Jim Behrmann
April 24 2008
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For the Doomers, is this a good enough discount?

Response
Certainly sounds good. Keep us posted!
March 29 2008
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When buying a foreclosure or REO property..

Response
First thing you shoud do is get pre approved from a lender, if you haven't already.Jim
January 29 2008
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I need help to buy house in Chicago( Lincolnwood)

Response
Do you really like the house or the deal you think your getting? Is the home worth $359,000? Do you make enough monthly income that would make your housing costs about 25% or less of your income? You don't have to answer me..just think about it. Sounds like a great deal though!Jim
January 29 2008
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Can i pre-qualify for a 750k home loan fixed-30k if i have 40k in CC debt?

Response
I agree that you should buy a less expensive home and pay down that debt with your $100,000. You'll still have enough for 10% down on a $600,000 home.Good Luck!Jim
January 29 2008
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HGTV Hall of Shame Comment

Response
These conversations remind me of the 'Extreme Home Makeover' show...which I'm am suckered into watching each week. However, I can't appreciated the over indulgent square footage, flat screens in every room, blah blah, etc. Plus, I'm a little (a lot) jealous! ha ha  
January 29 2008
(0)

Finding Properties

Response
My Credit Union, for instance, has a list of the properties on their website that they are foreclosing on. I'm not sure if this is common, but it's a great idea!
November 27 2007
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