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dkendall1979
13276 Posts |
 Posted - 11/16/2007 : 4:53:25 PM
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Did you ever notice that not one single post has EVER been made on BO (or any other site for that matter) by a loan officer/mortgage broker informing us that the loan that they had requested and were told, "You'll never get that loan done" actually closed and funded.
I've seen hundreds, if not thousands of posts on this site requesting some rediculous loan, mostly titled "LENDERS ONLY", riddled with responses like, "No way this will happen", "If he doesn't have any money in it, this will never close", "Save your time".
I've personally requested others to come back and rub it in my face should they get their rediculous deal closed and have NEVER heard a word back from them.
If you cold monotize wasted time, the commercial loan industry would be located in Fort Knox.
Seriously, newbs.... take the advice of those that have been doing this for a long time and PASS! Just walk away! that big paycheck that you're already splitting with 10 other brokers AINT THERE!
Now, close some real deals! |
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GuardianLendingG
193 Posts |
Posted - 11/16/2007 : 4:58:36 PM
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hahaha...positive reinforcement!
anyone have a lender for swamp land in florida WITH PERMITS!!! |
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Donald1955
6067 Posts |
Posted - 11/16/2007 : 6:37:58 PM
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Dave, I got this loan. It's a commercial deal in the Bahamas for 100M. It's backed by a Bank Guarantee for $200M from Venezuela! That's a 50% LTV! It came to me from a broker who got it from a broker. I heard about it on a conference call today.
I'd be happy to share the $$$$$$ with you. We just have to co-broker. I only want 5 points!
Doc-FM "All Lite ALL The TIME" |
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mortgagemessiah
8003 Posts |
Posted - 11/16/2007 : 6:43:10 PM
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One guy here on Outpost called me an a**hole because I told him his commercial deal wasn't going to work. He wanted a 2nd on commercial construction deal. Then proceeded to tell me I was the one being negative.
http://www.brokeroutpost.com/loans/brokers/forum/topic.asp?TOPIC_ID=182741 |
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waynepbright
3923 Posts |
Posted - 11/16/2007 : 6:57:24 PM
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That a Way Dibert!
Sometimes we need to tell these jokers where to look .... |
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msancheznj
2252 Posts |
Posted - 11/16/2007 : 7:12:00 PM
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| You guys are right on. Most of the commercial deals posted here are undoable. |
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cpruitt
1775 Posts |
Posted - 11/16/2007 : 8:00:56 PM
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A large portion of even the residential deals posted on here can't be done or shouldn't be done.
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BrokerCA
2447 Posts |
Posted - 11/17/2007 : 01:28:34 AM
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| Good advice. A dose of reality is helpful. |
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SHABONE
511 Posts |
Posted - 11/17/2007 : 05:48:24 AM
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| A lot of loans posted on here shouldnt be done period! |
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