All Forum Posts by: Account Closed

@Michael Plante,

Respectfully, does a one legged duck swim in a circle?

Again...ALL reply posts from NON Mortgage Industry people.

It's amazing how so many NON Mortgage Industry people are responding, who you could never convey to them about the chaos that goes on behind the scenes with so many idiots that these banks and lenders hire to help out with an overwhelming amount of loan applications coming in!

@Cody L., this is an example of how I try to help BP Investors

https://www.biggerpockets.com/forums/834/topics/576278-pay-it-down-to-20-or-leave-it-be?page=1#p3476291

@Cody L., or... maybe it weeds out the undesirable potential clients, so I can focus on reasonable, like minded, common sense clients?

They read these posts from the establishment BP posters and contact me because of how I respond.

But that doesn't matter as I do this for fun and to hopefully help the reasonable common sense investors make more money.

Maybe I should take my act on the road and do seminars on Real Estate Investing Strategies, you think I would do well?  

@Josh Mitchell, Okay, please share with us when you were a lender for 4 + years?

And what banks did you work for?

Again,  complete radio silence from all mortgage industry people on this topic which means one thing and one thing only, they all agree.

All comments above on this topic are from NON mortgage industry people.

Hey, what about the resident(s) title agents on BP?  Wonder what their thoughts are on rounding up or down on the final sales price.

They're the unsung heroes behind the scenes who so often have to deal with so many incompetent morons at the banks, who make non-stop mistakes, they'll agree with me too.    

@Jeremy Z., I here ya loud and clear!

I've been sending letters to Chris Dodd, Barney Frank, Obama and the CFPB expressing the same frustration with the Mortgage Industry, but without success so far.  

@Jeremy Z.   YES!!  YES!!  

Mistakes that so many on the lending side make to include, but not limited to Mortgage Brokers, Loan Processor, Account Reps, U/W, Compliance set up and about 20 other humans that touch these files during the loan process, who make mistakes that cause delays!

You're stating to catch on with what I'm trying to convey to BP Investors on this subject and why they should round up or down!

These posts are actually amusing for Mortgage Industry people to read at just how out of touch they are with reality and all the  stupid mistakes that go on behind the scenes at Banks during the loan process and U/W.

Yes, there are no Mortgage Industry people responding to this Topic advise, but there are also No Mortgage Industry people disputing this advice either.

Their silence on this subject says it all!

Again, NO  Mortgage industry people (who are under Dodd Frank Act, and private lenders loaning on non TRID , investment properties no included) are responding.

Why, because they ALL know I'm right, they just want to avoid the backlash posting it.

And, also likely because they are all working right now too.