- Joined
- Jan 16, 2002
Just returned from 1920 vintage time-capsule that needs a complete gut-rehab, at least $100,000 in repairs, which includes rotted exterior wood siding (easily seen even if it's done as a drive-by). There is a recent mortgage recorded for $160,000 with Washington Mutual. My assignment is a refi via mortgage broker who is placing loan with guess who ? - WaMu.
Amount of loan requested - $161,000.
I call mortgage broker and explain, they say "we'll get back to you".
Call back comes minutes later, "please cancel, and we'll pay you for your time, WaMu is going to do a evaluation based on AVM data, which is how they got last mortgage, Mr. Owner is a good friend of so and so at WaMu "....................so much for the DeMinimus level crapola.
I CAN'T WAIT FOR THIS WHOLE STINKING MESS TO BLOW UP IN THEIR FACES !
Amount of loan requested - $161,000.
I call mortgage broker and explain, they say "we'll get back to you".
Call back comes minutes later, "please cancel, and we'll pay you for your time, WaMu is going to do a evaluation based on AVM data, which is how they got last mortgage, Mr. Owner is a good friend of so and so at WaMu "....................so much for the DeMinimus level crapola.
I CAN'T WAIT FOR THIS WHOLE STINKING MESS TO BLOW UP IN THEIR FACES !