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Steve Humpfle.'s Advice

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  • 118 Contributions
  • 0 Best Answers
  • 10 Helpful

Steve Humpfle. wrote:

mfg homes
I need a wholesale lender that will finance share owned parks. Anyone know of one?Please let me know. Thanks
September 26 2011
(0)

IRS Lien

Answer
Clay,I failed to mention they are trying to buy a home. Also, the lien is 1 million and are paying via social security check deductions. Im not sure that the info in the link would apply in this case. Its not a lien on any property, just a lien on the credit report.Steve
May 10 2011
(0)

IRS Lien

Answer
Thanks Jay. I even receieved and email from tax attorney stating the IRS wouldn't touch them after becoming a homeowner. May just need to pass on this deal.Steve
May 10 2011
(0)
IRS Lien
Anyone know of any wholesale lenders that will lend to a borrower with a huge tax lien where they are current in making installment payments? I have one lender afraid the IRS would seize the property once they became a home owner. Everything else about the file qualifies. 20% Down. 680 mid score.Thanks, Steve
May 10 2011
(0)
FHA after short sale...
Anyone know of any wholesale lenders doing the FHA loans just after having a short sale? FHA approved this back in 2009 on ML-2009-52.Thanks,Steve
February 14 2011
(0)

Do we qualify for the mortage loan modification?

Answer
On a loan mod, whom ever is currently on the mortgage must remain there. You may not add or remove borrowers.
July 04 2010
(0)

Resonable Fee for Subordination

Response
Chase is $250.00 and B of A is $200.00. Thats not the biggest problem. Most lenders are taking 3-4 weeks to review and approve the subordination. Make sure your lock doesn't expire on the new first.
July 04 2010
(2)

Appraisals for multiple lenders?

Answer
I agree with everyone here. Most lenders will charge you for another appraisal if you have already recieved one elsewhere. However, should you close the loan with the new lender after paying for the new appraisal, they will credit you the cost of the first appraisal order.Do not commit to any broker/lender before knowing who you will close with.Good Luck
May 15 2010
(0)

How is everyone doing on their exams? Just got done with the classes and wanted some feed back?

Answer
Passed CA exam this morning with a 94. Pretty easy.
May 11 2010
(0)

I finished my last trial payment on April 1st. havent heard from lender, its almost May 1, what now?

Answer
If you have one nearby, go to a local Wells branch. I have seen that make a huge differance in the level of communication.
April 29 2010
(0)
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