Get your Offer Accepted and Sit Pretty

You know the basics: sit come, and down for dog training 
 but Real Estate is not that simple. In this Seller's Market it
is difficult to get your offer accepted. Here's a list of strategies to get into your next home.
Simple commands to get Seller to Accept your offer:

Know the location and market you are shopping in advance. I can share Home Scouting app

https://hbsr.homescouting.com/SignIn   password is 9497849699

 

1. Get in ASAP to view the property, before broker preview. Be respectful and quiet while walking through the home, take notes, or images. Discuss with your agent in the car.
2. Write thank you note to listing agent addressed to seller 
3. Get clean offer in immediately with every line exact
4. Make your highest and best offer first without a list of requests
5. Have loan pre-approval from lender who can close in 20 days. Write the contract with 7 day contingencies. Make sure lender writes that they can complete appraisal in 7 days ad final approval in 10 days. Get your paperwork in to lender BEFORE making offers.  You agent can note that if seller needs more time to rent back, that may be possible
6. Large earnest money deposit
7.  Show large down payment, cross out account numbers
8. Write a personal letter about why you love this house the details why it suits your needs

Work with local agent who is well respected and lender also who is respected.
Your auntie from 200 miles away may not have the clout that a buyer's agent in the neighborhood has. Same with lender, an online lender or big box bank may not close on time


Want apply to get you loan pre- approved?

https://carolinegerardo.eaglehm.com/

apply now

Win $1000 Easy Peasy

UAMC a Lennar Corporation Co joins Eagle Home Mortgage (it's sister company under one name and blue colors) Universal American Mortgage Company will be joining forces with us and uniting as one.

chance to win $1,000 cash! Enter here: http://spr.ly/60478YqvZ

NO PURCHASE NECESSARY TO ENTER OR WIN. 

Open to legal residents of the 50 US states and DC, who are 18 or older. To enter, visit sweepstakes tab on the official Eagle Home Mortgage or UAMC page on Facebook and follow instructions to enter.  Limit one entry per person. Sweepstakes begins at or about 10:00 am ET on 6/2/17 and ends at or about 11:59pm ET on 6/30/17.  One (1) prize: $1,000 to be awarded in the form of a check (ARV: $1,000).  Prize drawing to occur on or about 7/3/17. Odds of winning depend on number of eligible entries received. Subject to Official Rules. Void where prohibited by law. List of winner (after 7/3/17) and Official 

Rules available upon request by mail to Sponsor. Sponsor: Eagle Home Mortgage, LLC, 730 N.W. 107th Avenue, 4th Floor, Miami, FL 33172.

Models/lifestyle photos do not reflect racial or ethnic preference. Copyright © 2017 Eagle Home Mortgage and Eagle Home Mortgage of California. All rights reserved. Eagle Home Mortgage, Eagle Home Mortgage of California and the Eagle logo are U.S. registered service marks of Lennar Corporation and/or its subsidiaries. Eagle Home Mortgage, LLC, NMLS# 1058. Eagle Home Mortgage of California – NMLS# 252392. Eagle Home Mortgage, LLC, 730 N.W. 107th Avenue, 4th Floor, Miami, FL 33172

Caroline Gerardo

C G Barbeau

Mortgage Banker

NMLS 324982

949 South Coast Drive

Costa Mesa. CA

(949) 784- 9699   

CFPB On Consumer's Back

CFPB's Proposed Amendment to TRID Disclosures Impact Lenders Oh NO MR BILL  We are going to hit you on the back side of the head, again 3 working days to Wait for LE,  three more to lock,  three more for final CD  but escrow has to massage the numbers two days  so minimum Federal requirement for closing a loan in perfect conditions is nine working days  BUT lender has to pay for appraisal re-inspection, any interest rate increases, seller can't give last minute credits, no add ins of repairs at the end.  Mine government at work.... or not as the case may be Mr. Bill don't worry we'll get you into a home. Mortgage lenders fear violating the disclosure requirements of the TILA-RESPA Integrated Disclosure Rule ("TRID" or "Rule").  Consumer Financial Protection Bureau ("CFPB") provided informal guidance on certain issues prior to the October 2015 effective date of the Rule, ambiguities in the Rule remain that impact accurate delivery of the Loan Estimate ("LE") and Closing Disclosure ("CD") in connection with applications for closed-end, real estate-secured mortgage loans. The CFPB recognized that regulatory amendments were necessary to memorialize this informal guidance regarding the LE and CD to reduce the risk to lenders of TRID violations. On July 29, 2016, the CFPB issued a Notice of Proposed Rulemaking ("NPRM") to propose a number of amendments to TRID that would formalize certain of its informal guidance and make other technical changes to the Rule.  The NPRM does not touch on every issue that industry participants have raised, but it is a step in the right direction, indicating that the CFPB is sensitive to some of the challenges created by the Rule. Although the NPRM does not provide all the cures that lenders would have hoped for, many of the proposals should provide some relief to them. As mortgage industry participants continue to anxiously await the CFPB's final regulations to implement these proposed changes Pray the proposals  improve upon the challenges that lenders currently face in providing accurate LEs and CDs to consumers.