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Jackson Campbell's Advice

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  • 15 Contributions
  • 0 Best Answers
  • 4 Helpful

Jackson Campbell wrote:

My website is down..?
Who do I contact to get this back up, or release/transfer the domain?
March 19 2013
(0)

Real Estate Professionals where are you from?

Response
Jack CampbellNorth San Diego CountyEverything here under 1.5M is moving EXTREMELY fast with multiple offers in nearly every case.  Appraisals are a problem with values stepping above any recent comps.  1.5M-7M is also moving well, but pricing is more relevant.
December 06 2012
(0)

Home type confusion

Response
Properties with Modular design have been gaining popularity over recent years.  Technology improvement in architecture, manufacturing and energy efficiency have made these homes substantially more appealing as builder designed track home and/or custom built.  As mentioned, sometimes hard to tell apart from a traditional stick home.  Modular construction may not be a negative in the end but still important to know.  As mentioned, just one more reason to have a home inspection.
October 18 2012
(0)
How do I change from Lender to Agent Profile?
Is this something you can do for me?
October 18 2012
(0)

I'm trying to find out what the true assesment value of my home is. My taxes seem too high.

Answer
Best thing to do is contact a Realtor in your area.  Most of them will pull up comparable properties to help you get an idea.Jack - <A href="http://carlsbadhomesforsalenow.com/carlsbad-homes-for-sale-carlsbad-village/">Carlsbad Homes For Sale in Carlsbad Village</A>
April 02 2010
(0)

Real Estate Professionals where are you from?

Response
Jack Campbell - www.campbellsd.comSan Diego, CaliforniaSpecialize in Portfolio Super Jumbo Financing from $1,200,000 to $5,000,000 and finacing for Unique Coastal Properties in San Diego County.Overall San Diego County real estate and purchase volume is lower by about 30% in previous years but we seem to be keeping moderatly busy in the last 6 months and based on forcasts from www.car.org www.sdar.com and www.cambweb.org we anticipate the markets keeping at a similar pace for 2010.
February 12 2010
(0)

Does FHA require 2 appraisals for a home purchase?

Answer
Yes, but only for FHA jumbo loans above 95% ltv.
July 15 2009
(1)

FHA or Conventional?

Response
Woah now.  If you are willing to do 10% down you may still be better with conventional than with FHA.  I even think the above loan officers would likely agree if they knew 10% was an option for you.What happens is, the more money you put down, the less risk there is of loan default...so in the case of Private Mortgage Insurance (non-fha) the premium reduces to .0062%.  Currently with 3.5% down FHA is .0055% and with 5% down it is .0050% but again it is important to factor in that the FHA loan amount will be much higher because of the additional 1.75% up front MI which the Private Mortgage Insurance does not have.  I have done this comparision for several clients and the payments are very close and you don't wind up with a larger debt.
July 14 2009
(0)

I heard that yesterday FHA raised their minimum score to 640 instead of 620?

Answer
We're actually still going down to 580, but there has been talk for some time now of that stopping soon.  I understand that the larger restrictions are coming from the "warehouse line" overlays.  None of these lenders including us are actually lending their own money.  They take out short term loans (warehouse loans) until they can re-sell the loans to an end investor/servicer.  There is tremendous risk at the moment on these large banks that give mortgage companies these warehouse loans.  If for some reason the mortgage companies folds, the warehouse lenders risk being stuck with these difficult to package or sell loans...or if the guidelines change, the value of the loan can rapidly change while the loan is on the warehouse line and make them unsalable.  Warehouse is where the problems are...
July 14 2009
(1)

Loan Officer Software

Response
There are so many considerations for software, much more than we could address in this posting.  Act is awesome but I didn't like the way it organized the loans in relationship to the contacts and at the time I discontinued use of Act, they were not yet proficient in the campaign managers (which I know they have fixed now).I have always been disappointed that there isn't a more seamless integration of contact management and origination software.  Encompass seems to be working out some of those kinks but their database earch ans sort features still need some refinement.  I do think they are heading in the right direction with their hosted platform which integrates with websites(leads, applications, status updates, etc), handles document management, campaign...and I appreciate most that there isn't data sync involved in keeping everyone on my team in the loop, as we're all working on the same DB from the marketing assistants, to the processing, to the doc drawer and of course me.  If a phone number gets updated by the doc drawer verifying employment, I have it as soon as she inputs it.  And the best, no data back-up as it's all remote. (except once a month as my professional insurance policy)Act is the most cost effective.  Good luck!
July 14 2009
(0)
 
 
 
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