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 Why dont the Feds reduce the interest rates. And Cap the interest rates of people with bad credit.?
The higher the rate the more likely people will lose there home, the more likely banks will close their doors and it is a domino reaction. If the Fed's would come in and regulate the Mortgage B...


 Eviction Issued, but Landlord has the WRONG NAME?
Here's the story. Landlord never gave my friend a lease, rental agreement or receipt of payment. He waived the deposit and basically accepted cash under the verbal agreement he would provide the ...


 What's a high real estate commission ?
What real estate commission is considered too much that would be questionable for lenders?
Additional Details
Have lenders denied the loan coz of higher commission than norm?...


 *Council mansions*?
I was wondering today. If a family had like 15 kids and the parents weren't working would the council/housing association provide a mansion for them to live in.
Additional Details
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 Would you do this if you had too?
My fiance and I are going to apply for a townhouse today. The only problem is our income. THe rental goes for 1150.00, and combined we only make 2,452.00. We have no debt is only paying off my ...


 How much should a person save up to move out on their own?
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 When you buy a house are you also buying the land?
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 Should I refinance an 80/20 50 year loan w/ a 2 yr arm after 8 months?
I purchased my first home in September of 2006. At that time, the only loan I qualified for was an 80/20. (50 year w/2 year fixed arm). The first loand is at 6.97% and the second is at 9.9%. At that ...


 Open House a bust...ideas?
My home in Northern Mi has been listed since Nov. "06. I haven't had one person look at it, I have dropped the price $80,000, put many improvements, working w/ a realtor (Coldwell banker), ...


 Question about renting a flat?
If I want to move into a new flat at the beginning of July, when should I start looking?

I will be renting, not buying- I understand the market moves really fast and have been told before ...


 Is it weird to have or even ask for a "apartment" warming party for your 1st apartment?
My Boyfriend and i are moving into our first apartment. Finally! I have waited 22 years to do this. Just a few months after my 23rd birthday, my bf and I will be moving into our first apartment. We ...


 We are considering buying a house. We have 6 months left on our lease. How soon should we start looking?
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 Is it worthwhile to buy land as an investment?
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 My wife's credit score is mid-700s, mine is high-600's, can we get a home loan?

Additional Details
How do they choose which credit score to use? Experian, Equifax or TransUnion?...


 Help!Pending forclosure No sale date Yet........what is the next best move?
I am working now $43/hour 32 hours a week as a Nurse, the investor (Wells Fargo)will not work with me at this time (was not able to keep on repayment plan one time last year), I own my home owe $158,...


 How long do you have to own a house before you can get a home equity loan?
My husband and I are in the process of buying our first home. We got a great deal on the house at 1/2 the appraised value. How long do we have to own the house before we can take out a home equity ...


 When should I buy a house?
With all the news on house prices at the moment, is it a bad idea to buy a house?

I'll probably have enough to pay at least 20-40% upfront but is there a good chance the value will go ...


 Is an interest only loan dangerous in this housing market?
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 Is the mortgage industry a good industry to be in right now?
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 When selling a house through a Realtor, how long is the contract for?
Ive had by house up for sale by owner with no bites. Im thinking about putting it through a realtor but was wondering how long it would be up through that realtor?...



Cindy 4
Our realtor offered us 5000.00 after we closed on house.Weclosed and she has never paid us 5000.00.?
Traci the realtor said if you buy my house I will give you 5000.00 at closing.She said I will selll the house to you for 115000.00 but we will take out the loan for 120000.00 so she would get more of a cut for being the realtor.She also wrote a statement saying she would pay the 5000.00 within 24 hours of closing.That was thursday we closed and this is sunday and she is avoiding me.She said the deal was still on but everytime she agrees to meet me she never shows up or calls.What can we do about this.?
                     
 




jmilil
Be really really agressive on getting what is due to you! Don't let Traci call the shots just because the deal is closed with escrow... as far as your concerned the deal is not over so Traci needs to pay you regardless, especially with a written statement.

Traci might just be waiting until her check clears ( which can take a week) to pay you back.

Although make sure you keep calling Traci and calling her Broker and visiting her office daily to let her know you mean business and can't be taken advantage of.

Good luck.


whatever
Did you get all this in writing? And if this was done "above board," it should all have gone through a title agency who would have divvied up the proceeds exactly how they were spelled out in the contract.
Nevertheless, as a realtor, Traci is held to a higher standard than your average/normal homeseller. Call her company broker immediately (call the office and ask to speak with the person in charge) and also contact your state dept of Real Estate and submit a complaint. You can also call your local Realtor Association and file an ethics complaint. Once you start going above her head, things will start happening, and fast.


teran_realtor
Cindy,
Traci did not get $5,000 extra for selling you the house for $5,000 more. You, the seller and Traci all have conspired to commit loan fraud. I believe that's a federal offense.

The mortgage company has lent $120,000 and has been told that they've lent 100% of the value. What you've stated is that the three of you got together to steal $5,000 from the lender. They've lent more than 100% on the house, so you could pocket the extra.

I do suggest contacting an attorney, but not a real estate attorney, to "get your due" from Traci. Contact a criminal attorney for when the feds call you.


sideways
Don't fool w/the b****, in the morning call a real estate attorney and make a demand for the money or else, the attorney will fill in the or else. Don't allow her to lead you on. Please don't do the "well, she is a nice person and she did have a valid excuse". You never know what another person will do. Act fast and stand your ground. I have no personal experience in these matters but I know people and she may just be a crook.


sugarbdp1
Look in your paperwork it might be there it could be one of the deductions that you know nothing about in fine print if not there report her 2 her supervisor.Good Luck


dawn_horger
call her boss. the better business bureau and a lawer, it you really want to get nasty call the local paper


HawkAlum95
Rating
Agree with prior poster - based on what I read this sounds like you both conspired to commit loan fraud (even if unknowingly on your part).


HMMMMMM
You are likely a party to loan fraud.

There is no guarantee that Traci is a Realtor.

Good luck.


Melissa
Rating
I agree with teran_realtor. Number one it seems that she was dual realtor meaning she had both sides of the transaction. In the states that I am licensed in as a realtor if I own a home or buy a home I have to state that I am a licensed realtor in the contract. See if that is in the contract of sale. Two, she basically made it where you are paying $5,000 more in principle and interest on your mortgage which she has now made $5,000 off financing and $5,000 by not paying you. Make a complaint her against her against your state Real Estate Commission. Realtors have to pay error and ommissions. Good luck.


shasha
you have it in writting .she needs to be reported if she doesn;t follow through.


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