w*****g
发帖数: 3922 | 1 sorry that I can't input Chinese here.
I have a problem with a loan broker I worked with. Here's my story.
I submitted an offer for a short sale, and bank sent me an unoffical approva
l letter. Then I started working with this loan broker. He prepared for all
the docs, but we still didn't see the official approval letter. During this
period, he ordered the appraisal for me.
However, after about 3 months the bank countered back with a higher price, a
nd I don't want to accept that. So I went to o |
w*****g
发帖数: 3922 | 2 just some more notes: I already talked to my realtor agent who is in the sam
e company with this broker, and was told I don't have to worry about his and
he will take care of this for me. Good guy as what I always say. hehe.
The main reason I post my thread here is to remind everyone not to allow you
r loan broker do the same stupid thing.
approva
all
this
a
could
for
not
【在 w*****g 的大作中提到】
: sorry that I can't input Chinese here.
: I have a problem with a loan broker I worked with. Here's my story.
: I submitted an offer for a short sale, and bank sent me an unoffical approva
: l letter. Then I started working with this loan broker. He prepared for all
: the docs, but we still didn't see the official approval letter. During this
: period, he ordered the appraisal for me.
: However, after about 3 months the bank countered back with a higher price, a
: nd I don't want to accept that. So I went to o
|
b*a
发帖数: 17670 | 3 难道做估价前没和你商量？
sam
and
you
price,
【在 w*****g 的大作中提到】
: just some more notes: I already talked to my realtor agent who is in the sam
: e company with this broker, and was told I don't have to worry about his and
: he will take care of this for me. Good guy as what I always say. hehe.
: The main reason I post my thread here is to remind everyone not to allow you
: r loan broker do the same stupid thing.
:
: approva
: all
: this
: a
|
m******3
发帖数: 983 | 4 I have sympathy on this broker.
He has prepared all the doc for you and even ordered the appraisal.
He did not make any money on all his work. And right now he has to pay for
the appraisal for you.
If you give him the credit card information, you have already authorized him to give this number to the appraisal company to charge it when they performed the appraisal. |
s********d
发帖数: 2216 | 5 这个价格还没谈好，就做 appraisal 吗？ |
b*d
发帖数: 9308 | 6 不可以，要签了Contract以后。
【在 s********d 的大作中提到】
: 这个价格还没谈好，就做 appraisal 吗？
|
w*****g
发帖数: 3922 | 7 We didn't even get any paperwork from the bank, why should he start doing ev
erything? Should I pay for anything because he is not professional?
on GFE, it says these charges are required to close the settlement. The sett
lement was not closed, and frankly, has not even started, why should I pay?
him to give this number to the appraisal company to charge it when they
performed the appraisal.
【在 m******3 的大作中提到】
: I have sympathy on this broker.
: He has prepared all the doc for you and even ordered the appraisal.
: He did not make any money on all his work. And right now he has to pay for
: the appraisal for you.
: If you give him the credit card information, you have already authorized him to give this number to the appraisal company to charge it when they performed the appraisal.
|
b*a
发帖数: 17670 | 8 关键是你是不是同意了做appraisal
ev
sett
for
【在 w*****g 的大作中提到】
: We didn't even get any paperwork from the bank, why should he start doing ev
: erything? Should I pay for anything because he is not professional?
: on GFE, it says these charges are required to close the settlement. The sett
: lement was not closed, and frankly, has not even started, why should I pay?
:
: him to give this number to the appraisal company to charge it when they
: performed the appraisal.
|
w*****g
发帖数: 3922 | 9 he didn't ask. I didn't say no when he told me the appraisal was done and
the house value is higher than my offer.
【在 b*a 的大作中提到】
: 关键是你是不是同意了做appraisal
:
: ev
: sett
: for
|
m******3
发帖数: 983 | 10 That's the key. did you authorize him to start the processing?
I don't think without your authorization, he will start the work that
earlier. If you did not authorize him, how can you give him the credit card
number? I remember there is a appraisal sheet for you to fill out to
authorize the appraisal company to charge you the credit card. If you sign
that, then you should pay for that.
Short sale is different. I guess you aleady get the contract which was
signed by you and the seller. It need
【在 b*a 的大作中提到】
: 关键是你是不是同意了做appraisal
:
: ev
: sett
: for
|
w*****g
发帖数: 3922 | 11 so that's the key: for short sale there's the risk that the bank won't appro
ve the price.
As I said, we got an unofficial approval notice from the bank, but still nee
d the official paperwork. He got the notice from my agent and then ordered t
he appraisal.
I am not saying he was doing illegal, but not in a professional way. That's
why he or I can both argue.
the clients are always on the weaker side. A broker knows much more than a c
lient, so he should know what to do to help his client. But
【在 m******3 的大作中提到】
: That's the key. did you authorize him to start the processing?
: I don't think without your authorization, he will start the work that
: earlier. If you did not authorize him, how can you give him the credit card
: number? I remember there is a appraisal sheet for you to fill out to
: authorize the appraisal company to charge you the credit card. If you sign
: that, then you should pay for that.
: Short sale is different. I guess you aleady get the contract which was
: signed by you and the seller. It need
|
m******3
发帖数: 983 | 12 Usually it takes more than a week for the bank to send you the executed
document.
Buyer will start the inspection and loan immediately.
For your case, you just changed the mind that the bank increase the price.
But you still use the appraisal to compare your offer.
So you actually benefit the appraisal.
The broker won't start the loan process without a go from you and your agent
since he has no benefit from starting the loan process earlier.
In your case, he even wasted all his time and earned
【在 w*****g 的大作中提到】
: so that's the key: for short sale there's the risk that the bank won't appro
: ve the price.
: As I said, we got an unofficial approval notice from the bank, but still nee
: d the official paperwork. He got the notice from my agent and then ordered t
: he appraisal.
: I am not saying he was doing illegal, but not in a professional way. That's
: why he or I can both argue.
: the clients are always on the weaker side. A broker knows much more than a c
: lient, so he should know what to do to help his client. But
|
