Caroline Gerardo, C. G. Barbeau the Loan Lady nmls 324982 (Sun West Mortgage Corporation)

Spam prevention
Ambassador
2,546,525
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Sounds confusing and misleading.  Who or what is behind this "removal" of tax lien and civil judgment data?

Apr 25, 2018 12:59 PM
Rainmaker
1,362,248
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Always frustrating when one hand doesn't know what the other is doing.

Apr 25, 2018 12:52 PM
Rainmaker
563,329
Maria Sapio
Keller Williams of Central PA - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

Thank you for sharing.

Apr 25, 2018 12:46 PM
Rainmaker
6,374,050
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for sharing this alert. You need to use lenders who are checking for liens.

Apr 25, 2018 12:34 PM
Rainmaker
869,401
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Thank you for that info Caroline!
Sounds like we need to ask additional questions of a prospective buyer.
AND their lender.

Apr 25, 2018 02:43 PM
Rainmaker
3,960,505
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Interesting. It pays to work with the right lender.

Apr 25, 2018 01:10 PM
Rainmaker
3,910,908
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

It all comes back to knowing your lenders and how they work.

Apr 25, 2018 12:59 PM
Rainmaker
3,069,684
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Fred Griffin nailed this one!

Apr 26, 2018 06:31 AM
Ambassador
5,218,910
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

I have never had that much faith in the ability of a credit score to judge a person's character, just their ability to work the system.

Apr 25, 2018 05:09 PM
Rainmaker
1,177,959
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Good question for Jason E. Gordon 

Apr 25, 2018 04:26 PM
Rainmaker
1,698,098
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

So why bother as you've said. I thought this was supposed to make things better but it sounds like we've taken a step back.

Apr 25, 2018 03:47 PM
Rainmaker
5,570,688
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

good information.... we'll need to speak to our mortg guy about this....

Apr 25, 2018 02:04 PM
Rainmaker
5,370,890
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Caroline,

Thank you for the information.  A

Apr 25, 2018 01:24 PM
Rainer
87,820
Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

I had no idea! thanks for letting us know! 

Apr 27, 2018 12:34 AM
Rainmaker
4,799,356
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

They should.  We shouldn't rely on these scores.

Apr 26, 2018 05:53 AM
Rainmaker
4,433,483
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for sharing 

Apr 26, 2018 04:15 AM
Ambassador
4,312,167
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Caroline Gerardo - 'they' need to have coordination!

What can we say?

Apr 25, 2018 10:45 PM
Ambassador
4,093,103
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Thank you for the info, Caroline! It's all about working with a trusted lender - even more now than before.

Apr 25, 2018 08:40 PM
Ambassador
3,021,427
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Glad I've never had a buyer with a tax lien.  And I've been in this business a very long time.

Apr 25, 2018 07:54 PM
Ambassador
3,986,518
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Just like lenders check the Federal data reports to see if there is debt owned on child support and overpayments. I for one am glad they deep a little deeper. These are debt that should be paid and if the buyer doesn't have the money then they should wait to buy until these are paid.

Apr 25, 2018 07:38 PM
Ambassador
3,643,734
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

We don’t need another credit crisis ..

Apr 25, 2018 07:03 PM
Ambassador
3,002,274
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

That is why I work with a lender who completes full due diligence upfront. However, if others, like title and escrow are not, something like this can still show up prior to closing. 

Apr 25, 2018 06:22 PM
Rainmaker
465,016
JoAnn Moore
The Mortgage Market of Delaware - Georgetown, DE
Home Loans in Delaware

Yes, this is a concern of ours as well. Borrowers should know about any liens or judgments against them but sometimes they say they don't have any. I am questioning my borrowers twice about this when doing their preapproval to try and make sure we don't have a problem later. The lenders already have the thirs party investigators checking on all kinds of things.   

Apr 25, 2018 05:13 PM
Rainmaker
1,838,802
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Interesting Caroline Gerardo but I usually don't find out my buyers financial secrets until they have visited with you (a qualified lender).

Apr 25, 2018 04:55 PM
Rainmaker
150,938
Jerry Thomas-Construction Loans
Cranbrook Loans - Farmington Hills, MI
Construction Loans in MI, OH, VA, GA and FL.

Good to know Caroline. Do you plan on questioning each applicant on this? If so, at what part of the process?

Apr 25, 2018 01:58 PM
Rainmaker
2,611,520
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

If you loan out money in todays environment....anything goes to protect it

Apr 25, 2018 01:47 PM
Rainmaker
1,044,289
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

Oh boy less and less information sharing where it should be and MORE where it shouldn't 

May 01, 2018 10:07 AM
Rainmaker
3,840,932
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I have to ask my lender about this.  Thanks

 

Apr 30, 2018 04:30 PM
Rainmaker
4,739,728
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Interesting, and sure my lender knows this too, or at least I hope so! 

Apr 29, 2018 06:45 PM
Rainmaker
1,510,463
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

I had no idea.

Apr 27, 2018 01:06 AM
Rainer
22,854
Andrea Moore
Welcome Home Loans, LLC - Winter Garden, FL

I'm a broker, and we do a lot of our homework like this upfront, but some of this doesn't come up on our searches until a third party working with the lender finds it.

 

And you can't depend on the buyer to tell you they have liens and judgments. Many of our clients don't even realize they have them.

Apr 26, 2018 09:08 AM