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post #1 of 23 (permalink) Old 07-12-2007, 04:30 AM Thread Starter
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Mortgage broker?

I need a broker to refi my moms condo. The last guy ripped us off, with his fee's and hidden costs. Need some one that can talk SLOW, be up front, and handle it start to finnish.

Any recomendations? - sqrly

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post #2 of 23 (permalink) Old 07-12-2007, 07:27 AM
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Susan Shaw
Senior Mortgage Planner
Alliance Financing Mortgage Corp.
533 N. Milwaukee Avenue
Libertyville, IL. 60048
Direct phone (815) 363-8085
Direct fax (815) 363-8083
Mobile (847) 609-5503

She has worked closely with a church family friend of my parents, who happened to be my realtor when I got my condo this past Feb. She has been in the game for 20+ years. She was my broker, I only met with her once in the 4 months I was working with her. She did everything by fax and or email because of my crazy schedule at the time. There were times I would print her emails out and they would be 2, 3, 4 pages long of her explaining a certain situation. VERY recomended, i'm trying to find the rest of her contact info now.

Last edited by [email protected]; 07-18-2007 at 02:27 PM.
post #3 of 23 (permalink) Old 07-12-2007, 08:06 AM
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I have a guy who has done all my places and I have been friends with him outside of Mortgages since '97

PM if you want the 411

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post #4 of 23 (permalink) Old 07-12-2007, 09:22 AM
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post #5 of 23 (permalink) Old 07-12-2007, 09:34 AM

 
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I believe zuesrotty owns his own mortgage shop...I own my own mortgage shop in Wisconsin and if I were licensed in Illinois I would be happy to help you out...BUT...if you have any questions please feel to PM me, I will get you my number and I will help you out with any questions you may have or could just help you make sure your getting a square deal.

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Last edited by Brian#803; 07-12-2007 at 09:37 AM.
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post #6 of 23 (permalink) Old 07-12-2007, 09:54 AM
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Quote:
Originally Posted by FIRECAT View Post
I believe zuesrotty owns his own mortgage shop...I own my own mortgage shop in Wisconsin and if I were licensed in Illinois I would be happy to help you out...BUT...if you have any questions please feel to PM me, I will get you my number and I will help you out with any questions you may have or could just help you make sure your getting a square deal.
+1 to Zuesrotty.
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post #7 of 23 (permalink) Old 07-12-2007, 10:17 AM
You got the talkin' done
 
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post #8 of 23 (permalink) Old 07-12-2007, 01:20 PM Thread Starter
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Thanks - I will check some of these out.

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post #9 of 23 (permalink) Old 07-12-2007, 02:41 PM
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Even then if you have questions on whoever you go with feel free to give any of us a call. Def help you out.

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Watching the Cubs lose is the opposite of appreciating a fine wine ó itís like watching a car accident in progress. Itís horrifying, yet gruesomely riveting, and you canít help but watch and sympathize with the poor souls inside.
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post #10 of 23 (permalink) Old 07-12-2007, 02:48 PM
 
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Quote:
Originally Posted by sqrly View Post
I need a broker to refi my moms condo. The last guy ripped us off, with his fee's and hidden costs. Need some one that can talk SLOW, be up front, and handle it start to finnish.

Any recomendations? - sqrly
I can do it for ya... I am in the middle of starting a forum here to get business and answer questions relating to properties and real estate... I am donating an undisclosable amount of money to CLSB for each loan I do here based on CLSB referrals...
I am trying to get the details worked out now, as my site was just put on a week ago.

You can call me at 888-910-2701 ask for ERIC WILLMANN or my cell at 630-697-8389 Here is the link to my unfinished site. www.easymtgdirect.com
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post #11 of 23 (permalink) Old 07-12-2007, 08:30 PM
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Careful out there.
There are still long term inflationary pressures on the economy and limited gains on short money rates.
IMO, stay far away from short term programs and look at long term fixed rates.

There is nothing firm, nothing balanced, nothing durable in all the universe. Nothing remains in its original state, each day, each hour, each moment, there is change. Change is the essence of life. Embrace change as you do life. To fight change is to live in the past.
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post #12 of 23 (permalink) Old 07-12-2007, 08:51 PM

 
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i second jrocks pm....jason is a great guy
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post #13 of 23 (permalink) Old 07-13-2007, 03:26 AM Thread Starter
Highspeed ditch inspector
 
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The last time the deal involved two properties, about to be forclosed on, so we had to work quick. Each property valued at about 95k. After all said and done we paid the broker about 17k, 11k of it in personal check post dated(that we couldn't claim on tax returns). We were told the checks were the closing costs, so the lender would have a better value to loan ratio. At the closing we find the closing costs are in the paperwork. We questioned this, and the broker told me that there is no profit to him in the paperwork at the closing, and that the checks are his profit for services rendered. With all the undeciferable writing in the paperwork, I dont know the truth. We realy didn't have a choice by then, we felt like we were #u#ked hard, but we would have lost more if we hadn't done it right then. All I know is that somebody got my bike repair money, and that sucks. At least we are not in a rush this time.

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post #14 of 23 (permalink) Old 07-13-2007, 08:32 AM

 
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Quote:
Originally Posted by sqrly View Post
The last time the deal involved two properties, about to be forclosed on, so we had to work quick. Each property valued at about 95k. After all said and done we paid the broker about 17k, 11k of it in personal check post dated(that we couldn't claim on tax returns). We were told the checks were the closing costs, so the lender would have a better value to loan ratio. At the closing we find the closing costs are in the paperwork. We questioned this, and the broker told me that there is no profit to him in the paperwork at the closing, and that the checks are his profit for services rendered. With all the undeciferable writing in the paperwork, I dont know the truth. We realy didn't have a choice by then, we felt like we were #u#ked hard, but we would have lost more if we hadn't done it right then. All I know is that somebody got my bike repair money, and that sucks. At least we are not in a rush this time.
what that broker did is illegal. RESPA (Real Estate Settlement Procedures Act) requires that all compensation be listed on the HUD Settlement Statement. It is ok to recieve compensation outside of the closing but it IS NOT ok to not disclose it on the settlement statement. He committed fraud by not disclosing all his compensation to the lender. After the closing was completed you were under NO obligation to pay him anything.

In addition, I'm sure he violated several Illinois high cost laws by charging you so much and couldn't put it on the settlement statement for that reason also.

I wouldn't beat yourself up about the deal that you got before...you were in a tough situation and needed to get something done in a hurry and you paid a price for that, a very high price, but a price you had to pay. You did get what you wanted done and now your moving on to better pastures....I'm sure Zeus or anyone else here will take care of you and give you a fair deal.

If you have any questions...please feel free to post or PM

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post #15 of 23 (permalink) Old 07-13-2007, 01:53 PM
 
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Quote:
Originally Posted by sqrly View Post
The last time the deal involved two properties, about to be forclosed on, so we had to work quick. Each property valued at about 95k. After all said and done we paid the broker about 17k, 11k of it in personal check post dated(that we couldn't claim on tax returns). We were told the checks were the closing costs, so the lender would have a better value to loan ratio. At the closing we find the closing costs are in the paperwork. We questioned this, and the broker told me that there is no profit to him in the paperwork at the closing, and that the checks are his profit for services rendered. With all the undeciferable writing in the paperwork, I dont know the truth. We realy didn't have a choice by then, we felt like we were #u#ked hard, but we would have lost more if we hadn't done it right then. All I know is that somebody got my bike repair money, and that sucks. At least we are not in a rush this time.
that broker did some seriously, seriously illegal stuff. All funds except appraisal or app fee should be taken at closing... not at signing. It wouldnt be high cost problems because and I can only assume it was investment properties.
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post #16 of 23 (permalink) Old 07-13-2007, 01:56 PM
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Definatly some illegal stuff they did there. Either way you go your def in good hands on here. Nobody here would steer you wrong and if they did we'll just kick their ass . Do you have a copy of the hud from the last time? ALso what broker did the loan?

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Watching the Cubs lose is the opposite of appreciating a fine wine ó itís like watching a car accident in progress. Itís horrifying, yet gruesomely riveting, and you canít help but watch and sympathize with the poor souls inside.
Quote:
Originally Posted by burntash View Post
coming to CLSB for relationship advice is like asking fat people in mcdonalds about nutrition.
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post #17 of 23 (permalink) Old 07-13-2007, 02:04 PM
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ALso what broker did the loan?
CLSBBBD - CLSB Broker Beat Down?

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post #18 of 23 (permalink) Old 07-13-2007, 03:39 PM
 
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Originally Posted by .:K2:. View Post
CLSBBBD - CLSB Broker Beat Down?
That may be a question you dont want to ask if ya know what i mean... Could have been someone ya work with...
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post #19 of 23 (permalink) Old 07-14-2007, 05:14 AM Thread Starter
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I will not divulge the broker unless I am absolutly sure he did wrong. I have every paper start to finnish, including the HUD. If I find that he did wrong I will make sure everybody knows.

I do need to know how to decide what broker to go with. What kind of questions should I ask? How can I get the best intrest rate for the long haul? How much of an advantage is it to have a 15, or 20 year mortage over a 30 year? These are not investment properties, one is my moms condo, the other is my house(I bought from my mom).

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post #20 of 23 (permalink) Old 07-14-2007, 11:42 AM
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honestly the guys here on clsb (including myself) can all help you out through the way. Instead of going with a broker who nobody knows and we're all playing the guessing game it'll probably be in your better interest to pick somebody from the board here. If you want gimme a call and I can answer any questions ya have even if you decide not to use me.

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Quote:
Watching the Cubs lose is the opposite of appreciating a fine wine ó itís like watching a car accident in progress. Itís horrifying, yet gruesomely riveting, and you canít help but watch and sympathize with the poor souls inside.
Quote:
Originally Posted by burntash View Post
coming to CLSB for relationship advice is like asking fat people in mcdonalds about nutrition.
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post #21 of 23 (permalink) Old 07-15-2007, 01:33 PM
 
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do eni meeny miny mo...
Silent why dont you just work for me and stop all this madness !!!!
I would be the ultimate boss. Hey silent, lets take the day off and go to the track?
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post #22 of 23 (permalink) Old 07-15-2007, 03:28 PM
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do eni meeny miny mo...
Silent why dont you just work for me and stop all this madness !!!!
I would be the ultimate boss. Hey silent, lets take the day off and go to the track?
if i wasnt only going back to school mang

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Quote:
Watching the Cubs lose is the opposite of appreciating a fine wine ó itís like watching a car accident in progress. Itís horrifying, yet gruesomely riveting, and you canít help but watch and sympathize with the poor souls inside.
Quote:
Originally Posted by burntash View Post
coming to CLSB for relationship advice is like asking fat people in mcdonalds about nutrition.
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post #23 of 23 (permalink) Old 07-18-2007, 02:28 PM
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Found the correct info, updated my post
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