Eddy's Blog

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Mortgage and Lending - Nationwide Funding Group
The Real Estate and Mortgage Industry In My Own Words..................................
RECENT BLOG POSTS
Heres the Deal Active Rainers this is going to be a hard money deal in South Carolina his FICOs are below 500. LTV is 60 percent. This Borrower just got out of a really bad divorce and wants to get back on his feet. If you would like this email me and i will get you the borrowers contact informat...
03/12/2007
 FW: LENDER'S DIRECT OFFICES SHUTTING DOWN TODAY PERMANENTLY....Thursday, February 8, 2007   It is with deep regret that I announce effective end of business today the closure of Lenders Direct Capital Corporation's Wholesale Lending Operations and the Layoff of the Company's wholesale staff. The...
02/08/2007
I have a client who lives in San Leandro California and she would like to sell her house. She hasnt listed her home yet because: (1) She only speaks spanish(2) She has got offers from realtors to list her house but she feels the commission charged is too high. She would gladly list her house with...
01/25/2007
3 Comments
 (Continued):  6. Associate with successful people. Do what they do. When faced with choices, make the choice a successful person would make.Blow your bonus check on a gambling trip or invest it? 7. Avoid unsuccessful people. Do not under any circumstances associate with negative people. Negative...
01/17/2007
3 Comments
No one becomes successful by accident. Success requires making a plan and sticking to it. It is simple, but does require commitment; it is not hard to do, but does require hard work. The good news is that once you begin, the results start coming almost instantly. The miracle of successful living ...
01/17/2007
4 Comments
Conditional Delivery (continued)Towards the end of the escrow period, the buyer will be asked to sign a note and trust deed for the loan. The buyer is promising to pay back the money using the property as security for the loan. Escrow has not closed, and the buyer does not own the house yet. Nor ...
01/10/2007
Conditional DeliveryA conditional delivery of transfer documents and funds, the second requirement for a valid escrow, means the seller will deliver a signed grant deed which conveys the title to the buyer, and/or the lender will deliver to escrow whatever funds are required for the sale. In addi...
01/10/2007
1 Comments
Purchase Agreement as Escrow Instructions (continued)An escrow is opened when a real estate agent brings the signed purchase agreement to the escrow holder, who makes a copy and accepts it by signing off in the required box in the document. The escrow holder should be concerned with whether or no...
01/10/2007
Purchase Agreement as Escrow InstructionsIn a purchase transaction here in Calfornia there is a bran new approach to conducting escrow and that is to use the purchase agreement as the formal escrow instructions. The California Association of Realtors (C.A.R.) www.car.org provide a from known as t...
01/03/2007
4 Comments
Designating the Escrow HolderThe escrow holder may be any disinterested third party and the choice of an escrow agent is always that of the buyer, seller, or the lender. However, they probably do not have a relationship  with an escrow agent, and may rely on the advice of their real estate profes...
01/03/2007
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