All Forum Posts by: Rashid Ghafoor

I recently passed the MLO (NMLS) Exam. I am looking for a mortgage broker sponsor. My question is, If one is to be strictly commission based, Is finding a broker with mortgage industry similar to finding a broker with real estate? Where any broker will take you since you give them a cut from your commission or pay a fee per transaction.

The buyer had an inspection done before the purchase and the roof passed the inspection. The buyer did not ask for any repairs to the roof at the time of purchase. 

The roofer never mentioned anything about rotten boards either orally or in any form of writing. I double checked all of my emails and text messages. 

I flipped a property over three years ago. I had hired a contractor to install a new roof before the sale. The roof was inspected and passed by a windstorm engineer.  Yesterday I received a letter from the buyer's attorney, threatening to sue me because the buyer supposedly started getting roof leaks at different locations of the house one year after purchase. According to the lawyer his client had someone look at the roof and they told him there were rotten boards under the flat roof. Supposedly the buyer contacted the roofer who installed the roof and asked him if he was aware of rotten boards. The contractor told him that he knew about the rotten boards and had informed me about them. But he said that I told him to install flat roof over the damaged boards anyway because it was cheaper. so the buyer is claiming that I knowingly did not disclose the rotten wooden boards. Therefore he is demanding $33000 for damages.  I was never informed by the roofer about any rotten boards and I was never aware of any rotten boards. I reached out to the roofer for explanation and he speaks very little English but says he never told the buyer any such thing. I am wondering does the buyer have a case against me after three years for non disclosure of something that I wasn't even aware of? What are my options if I get sued? 

I recently did a rehab in Houston/ katy area.   I have the property on the market for over 10 days without a single showing or any inquiries.  That is despite the fact that the property is priced below market.  I was just wondering is anyone else experiencing a slow down in Houston area?