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View topic - I propose a New Forum: Dead Loans - Mortgage Forums
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I propose a New Forum: Dead Loans
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chow



Joined: 22 Jan 2005
Posts: 2352
Location: Cornfield County, Indiana

Posted: Thu Aug 16, 2007 10:01 pm    Post subject: I propose a New Forum: Dead Loans  

Why don't we just dump all of the trash that will never fund any time in the future right here?

:wink:
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Haplo



Joined: 20 Jan 2005
Posts: 2406
Location: Springfield, IL

Posted: Thu Aug 16, 2007 10:20 pm    Post subject:  

I can fund anything, what are you talking about ;)

I'm loving the increased business my branch is seeing from all the drop outs in the mortgage industry. Picked up another one today that went to American home...then *poof* right before closing. Went next to Charter Funding and....*poof* right before closing.

It's almost enough to make me wish I'd gone out and done some marketing the last three years.

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Ok...I'm lieing. I wouldn't trade more loans for marketing. Have you *seen* what those people are like out there? I'll stick to what I'm doing ;)
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chow



Joined: 22 Jan 2005
Posts: 2352
Location: Cornfield County, Indiana

Posted: Fri Aug 17, 2007 11:53 pm    Post subject:  

Seen what they are like?????????????????????????????????????????????, nooooooooooooooooooooooo....... I'm just really tired of people lying about someone from a HOC calling them about a case transfer of one of these BK'd companies, because they want the case number transferred to them. they think if the have one name at a HOC that itwill work magic. Think again. It's not like we don't know what happened? Or they try and order a case number and figure out it ain't goona happen in an instant.

sad but true, there are some good LO's suffereing from this. it's the jerks that need a major weeding.
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m2c



Joined: 03 Aug 2005
Posts: 743

Posted: Sat Aug 18, 2007 12:16 am    Post subject:  

Ohhhhhhhhhhhhhhhh, Chow. Not having done FHA for a while, I forgot about the case number transfer issue for soon to be defunct mortgage companies. Always worked very well for "real" companies but, ouch, this has got to be a problem with borrowers haning by their thumbs.
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Haplo



Joined: 20 Jan 2005
Posts: 2406
Location: Springfield, IL

Posted: Sat Aug 18, 2007 2:03 am    Post subject:  

yeah, that one that i mentioned above is my bosses heh. I don't envy him ;) They're trying to turn around in 7 days. Should be exciting!
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