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Great news – It’s About Time – Licensing Mortgage Brokers

The Clermont Lounge 1968

My real estate team and I have closed over 100 real estate sales since The Rootdown Group formed in April 2004. As Listing Agents, we've probably received 75 or so other contracts that never closed. Contracts that never closed because the Buyer was working with an idiot for a mortgage broker. Or a criminal. Some of these folks are really good criminals and many of them are truly idiots who can not spell in their pre-qualification letters, can not understand basic mathematics, and many times can not seem to have an address other than a PO Box or moreover a FAX number that is disconnected. Bunch of punks. Every time we suspect that the broker is not very good, we counter with stipulating that the Buyer must pre-qualify with the broker of our choice. Someone that we know and trust - right now, we know and trust about 15-20 mortgage professionals. That's it! With that one simple stipulation in a Counteroffer, we eliminate many buyers. They were never buyers in the first place. They … [Read more...]