Went through a mortgage broker and the note has since been bought out by Wells Fargo :crying:.

If you're telling someone, I'll say you house and I get paid $xxx, then you're acting as a broker.

Since it is non refundable your prospective clients are more inclined to purchase. you can also help them and get them in touch with a mortgage broker to make sure they are taking the neccessary steps to purchase down the road.

I don't know much about them other than the fact that a Chicago broker that I know is a member and he named some REO listing heavy hitters as members, too.The one I really like is NRBA, which stands for NATIONAL REO BROKERS ASSOCIATION.

He received an offer that was well above the broker price opinions but he didn’t take it because he needed more.

I do not have any secrets, just 16 years as a broker, attorney and investor with lots of hard earned experience.You want a quick-fix two sentence answer to a complex issue and I am not about to mislead anyone into thinking it's that easy.Your ignorance of the subject is quite apparent, and that in itself is no big deal -- nobody knows everything, but this area happens to be my specialty.

They claimed that he was brokering deals for a fee without a license.You want to legally be selling your interest in the option.

I'm aware of at least three situations where this occurred in this area, including one I recently mentioned.Leaf - mortgage broker lent money for downpayments and hid that from the lender.Lincoln - false documents for borrowers income.

Also it seems like mortgage brokers don't want to disclose any of their fees until you have started the application process.

My license is being transferred to a broker as I type.1.