House-buying thread - Why is everyone involved in this process so deeply stupid?

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > House-buying thread - Why is everyone involved in this process so deeply stupid?

«‹›1375 »

Sperg Victorious: Mar 25, 2011

BeastOfExmoor posted:

I suppose in a hot market where prices keep increasing the feeling might be that the market will get there eventually. That said, in a market where everything decent is selling within the first ten days (often for over asking), potential buyers may not even pay attention to older houses. We were looking at only houses that had just listed after our first couple weeks of looking.

The house we just bought went pending once and went back on the market before we looked at it. We offered $25k under and they countered with $15k. Having now been on both sides of the deal you definitely feel the pressure as a seller to not want to have it sit or go back on the market once or twice.

One home we looked at had been sitting there for months, but it had some bad problems. So the sellers agent would do a price change for an hour or so, to bump it into the new listings. She did that for a few weeks before she stopped.

# ? Aug 11, 2016 11:39

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# ? Jun 4, 2024 23:48

Sub Par: Jul 18, 2001; Dinosaur Gum

Magicaljesus posted:

In Portland, homes on the market for more than a week in that price range do not have offers for good reasons.

Thanks. Yeah we've been looking casually for several months and seriously for about a month so I think we have a good feel for what the property is actually worth and that the combo of price/addition is what's keeping this one on the market. Just to clarify though, it is a true 2 bed/1 bath - the addition would make it a 3/2.

We're not near the top of our range really with this house, and we will be offering well below asking. The current owner is not willing to retroactively permit due to the amount of time that may take. Our primary concern is the lender saying no at the last minute after we've paid out of pocket for things like inspection, appraisal, etc.

The property taxes thing is interesting. I have read a lot about property taxes here in the lead up to buying, but hadn't read anything specific about what completing an addition would do to taxes since that wasn't something that was on our radar before this weekend. I'll have to find out how that process works. Thanks again.

# ? Aug 11, 2016 14:53

SiGmA_X: May 3, 2004; SiGmA_X

Sub Par posted:

Thanks. Yeah we've been looking casually for several months and seriously for about a month so I think we have a good feel for what the property is actually worth and that the combo of price/addition is what's keeping this one on the market. Just to clarify though, it is a true 2 bed/1 bath - the addition would make it a 3/2.

We're not near the top of our range really with this house, and we will be offering well below asking. The current owner is not willing to retroactively permit due to the amount of time that may take. Our primary concern is the lender saying no at the last minute after we've paid out of pocket for things like inspection, appraisal, etc.

The property taxes thing is interesting. I have read a lot about property taxes here in the lead up to buying, but hadn't read anything specific about what completing an addition would do to taxes since that wasn't something that was on our radar before this weekend. I'll have to find out how that process works. Thanks again.

Walk away. Its almost surely hack work if its unpermitted. And the market agrees based on DOM in this sales environment.

# ? Aug 11, 2016 15:03

supercrooky: Sep 12, 2006

Drunk Tomato posted:

This specific house has already dropped $10k in price after each 30 day period on the market. The next logical progression was a price drop today, which is the same amount we offered for. No dice.

These people bought decades ago when the house was worth less than a third of what it's going for now, so I seriously doubt they are underwater.

Also, they did have an offer months ago where the buyers bailed after inspection. So again.... we're very confused about what's going on with them. We do know their listing agent is super annoyed.

Makes more sense, psychologically, with the failed inspection. I'm guessing current price plus the cost of repairs for the inspection issues is right around what that accepted offer was, and they're unwilling to accept that offer isn't coming back.

# ? Aug 11, 2016 16:34

Sub Par: Jul 18, 2001; Dinosaur Gum

Well after calling a bunch of city and county departments and doing some research, we've learned some things about this house. First of all, the current owner is wrong about the room in question being a converted garage. It never was a garage, it has always been enclosed storage, since the house was built. That's how it's listed with the county, and when you look at other houses in the neighborhood that were built the same year with the same floorplan, none of them are garages - they are all "enclosed storage". So that means it isn't a garage conversion, it's just a pre-existing unfinished room that someone at some point put up drywall in and built a bathroom in.

This explains how the thing can be so nicely done but still have glaring idiot mistakes like the electrical panel in the bathroom - everything is original except the bathroom. We are arranging for a general contractor to come look at the place and tell us more about the bathroom, what it would take to retroactively permit, how well it is/isn't built, etc. so we can make a better decision.

# ? Aug 11, 2016 18:52

CeramicPig: Oct 9, 2012

I'm hoping someone here is or knows someone who can do an inspection on a condo in NW Indiana, the place I'm looking at is in Griffith

I was a second from asking my realtor when I remembered reading here that that's a terrible idea. Any suggestions would be great!!

# ? Aug 11, 2016 21:01

Vinny the Shark: Oct 11, 2005

So I went and looked at a house over the weekend. I really liked how it was set up, it had a great fenced in back yard with a fire pit, the taxes will be low, and it was in a spectacular location close to work and in a good, quiet neighborhood.

However, what gives me pause is the fact that it was built all the way back in 1930, nearly a hundred years ago. I'm worried about asbestos, lead paint, horrible electrical work, etc. Plus, looking at the roof I saw a few spots in which the shingles bulged outwards slightly and were not even and flush with the rest of the roof. Also, according to realtor.com, the property has been sold 5 times in the past 13 years. What gives? Is this place a hot potato waiting for the next sucker who gets more than he bargained for? After the down payment and closing costs I really wouldn't have too much cash to spare for major repairs.

I like this house a lot, but I don't want to waste my time and money making an offer and having it inspected only to be told that the roof needs a total replacement in the next 3 months, or any other catastrophic problem I can't afford to fix and I would be willing the seller wouldn't want to fix either. Am I just being paranoid, or should I trust my gut and disappointingly pass on making an offer?

# ? Aug 12, 2016 01:11

CeramicPig: Oct 9, 2012

Vinny the Shark posted:

So I went and looked at a house over the weekend. I really liked how it was set up, it had a great fenced in back yard with a fire pit, the taxes will be low, and it was in a spectacular location close to work and in a good, quiet neighborhood.

However, what gives me pause is the fact that it was built all the way back in 1930, nearly a hundred years ago. I'm worried about asbestos, lead paint, horrible electrical work, etc. Plus, looking at the roof I saw a few spots in which the shingles bulged outwards slightly and were not even and flush with the rest of the roof. Also, according to realtor.com, the property has been sold 5 times in the past 13 years. What gives? Is this place a hot potato waiting for the next sucker who gets more than he bargained for? After the down payment and closing costs I really wouldn't have too much cash to spare for major repairs.

I like this house a lot, but I don't want to waste my time and money making an offer and having it inspected only to be told that the roof needs a total replacement in the next 3 months, or any other catastrophic problem I can't afford to fix and I would be willing the seller wouldn't want to fix either. Am I just being paranoid, or should I trust my gut and disappointingly pass on making an offer?

I know condos offer this, so excuse me if I'm na�ve to houses, but shouldn't recent major repairs be something your realtor or the seller be able to find out/tell you? Certain things also can hold out for a bit and be replaced in time, so should you decide to shell out for an inspection that will give you a better idea. The fact that no one has really held onto it is suspicious but again maybe your realtor can find out some of that info? Maybe it happened to be a starter home for a bunch of couples? Maybe it's haunted.
I would bite the bullet and get an inspection and go from there. If you're really trying to pinch pennies, you could take a friend/colleague/bored neighbor/whoever that has some know how and have them do a walk through with you. They'd be able to spot trouble areas and give you an idea on whether it's worth the investment or not.

Please keep in mind I've never bought a home, I've only ever looked at condos due to my budget, and as the eldest girl of 4 boys and a dad I have a lot of handy men at my disposal so my entire point of view could be different or off from yours

# ? Aug 12, 2016 01:21

lampey: Mar 27, 2012

Magicaljesus posted:

In Portland, homes on the market for more than a week in that price range do not have offers for good reasons. The house is either overpriced and not comparable to other homes nearby, or there is something wrong with it. The latter bit is something you may be able to work with, depending on what's wrong.

Unpermitted additions are popular in areas with capped annual tax assessment increases. Portland's taxable assessment can only increase by 3% annually regardless of the real assess value of the property. I believe permitted additions require a reassessment of taxable value, meaning your home might currently be taxed at a value of $100,000, but you turned your garage into a bedroom and now it's taxable at $300,000. Without the permitting process, your tax would increase by up to 3% per year from 100,000. With the permitting process, you'd be starting fresh at a freshly assessed $300k with potential tax increases of 3% annually.

So, you now have significant leverage, but the home might also be less attractive. To correct the issue, the current owner would probably need to retroactively permit the addition. If it is code compliant, the new assessed value would be far higher than what it probably is now and you'll be paying 2-3X taxes, plus you or the prior owner would probably be liable for back taxes from the time the addition was installed. If the new addition is not up to current code, I'm not really sure what the process is, but you could be in a great position to negotiate for a large price discount. Instead of looking at a 2 bed, 1 bath house, you're looking at a 1/1 and you probably won't find comps nearby. $320k is a lot for in Portland for a 1/1 outside of a premium neighborhood, and if it was in such a neighborhood it probably would have an offer by now.

Don't forget the impact of tax in your purchase decision. There was a house for sale in the NE Dekum area at about $350k that I considered simply because the assessed taxable value was around $65k, which resulted in roughly a $2k per year property tax benefit compared to comparable homes in the area. If you jump on a house near your mortgage cap and the taxes double or triple, that could be a real problem. Also, the taxes will not go away after you've paid off your mortgage.

Also, sellers and buyers agents interest lies solely in making the sale. The seller doesn't really want to maximize the sale value and the buyers agent doesn't really want to minimize the cost to the buyer. The sale is how both are paid and minor sale price variations do not matter to either. The lender would err on the side of being slightly conservative, but they still want to get the loan approval through. Use your own judgement with these things in mind.

Are taxes not reassessed after a sale?

Vinny the Shark posted:

I'm worried about asbestos, lead paint,

Any home built before 1978 could have lead paint. Any homes built before 1990 could have asbestos, practically anything after 1979 will not have asbestos. You should get a good home inspector to identify any issues and then get a more specialized inspector for the roof or any other serious issues identified. Replacing a roof is an expensive repair but all roofs will have to be replaced eventually. A specialist can tell you if it just needs new shingles or if you are looking at a more expensive repair. Don't fall in love with a house.

# ? Aug 12, 2016 02:08

Dik Hz: Feb 22, 2004; Fun with Science

Vinny the Shark posted:

So I went and looked at a house over the weekend. I really liked how it was set up, it had a great fenced in back yard with a fire pit, the taxes will be low, and it was in a spectacular location close to work and in a good, quiet neighborhood.

However, what gives me pause is the fact that it was built all the way back in 1930, nearly a hundred years ago. I'm worried about asbestos, lead paint, horrible electrical work, etc. Plus, looking at the roof I saw a few spots in which the shingles bulged outwards slightly and were not even and flush with the rest of the roof. Also, according to realtor.com, the property has been sold 5 times in the past 13 years. What gives? Is this place a hot potato waiting for the next sucker who gets more than he bargained for? After the down payment and closing costs I really wouldn't have too much cash to spare for major repairs.

I like this house a lot, but I don't want to waste my time and money making an offer and having it inspected only to be told that the roof needs a total replacement in the next 3 months, or any other catastrophic problem I can't afford to fix and I would be willing the seller wouldn't want to fix either. Am I just being paranoid, or should I trust my gut and disappointingly pass on making an offer?

Check crime stats. Does it get broken into twice a year every year?

# ? Aug 12, 2016 02:12

Magicaljesus: Oct 18, 2006; Have you ever done this trick before?

lampey posted:

Are taxes not reassessed after a sale?

No, not in Portland anyway.

# ? Aug 12, 2016 08:07

Zhentar: Sep 28, 2003; Brilliant Master Genius

lampey posted:

Any home built before 1978 could have lead paint.

This is often cited, but there's little basis to support 1978 as a lead paint safety cutoff. The 1978 "Lead Paint Ban" banned the manufacture of lead-containing house paint. Lead containing house paint manufactured before then could still legally be sold, bought, and used after the ban took effect, and to this day lead paint is still manufactured and sold for some other applications (mostly marine paints). Lead containing paint was already well out of style in the '70s, so 1978 isn't at all the sharp Yes/No cutoff it is regularly made out to be.

If a house was built before ~1925, it is very likely to have lead paint on interior walls (if it hasn't been completely gutted). If a house was built before ~1950, it is very likely to have lead paint on exterior walls & trim, and fairly likely on interior trim (window frames for operable windows in particular are the biggest concern here; friction from operating them can generate dangerous amounts of lead dust, and they don't encapsulate well). Houses newer than that typically only have exterior lead paint, when they have it at all.

lampey posted:

practically anything after 1979 will not have asbestos.

Except when they used vermiculite attic insulation.

# ? Aug 12, 2016 19:49

Drunk Tomato: Apr 23, 2010; If God wanted us sober,
He'd knock the glass over.

Zhentar posted:

If a house was built before ~1925, it is very likely to have lead paint on interior walls (if it hasn't been completely gutted). If a house was built before ~1950, it is very likely to have lead paint on exterior walls & trim, and fairly likely on interior trim (window frames for operable windows in particular are the biggest concern here; friction from operating them can generate dangerous amounts of lead dust, and they don't encapsulate well). Houses newer than that typically only have exterior lead paint, when they have it at all.

I wonder, though, is this still true? Since it has been almost 40 years since the banning of lead paint, and most houses change hands every 5-10 years, wouldn't it seem likely that at least one out of the previous five or so owners had thought to remove interior lead paint?

# ? Aug 12, 2016 20:54

DR FRASIER KRANG: Feb 4, 2005; "Are you forgetting that just this afternoon I was punched in the face by a turtle now dead?

Haha no. No one is "removing paint" from the interior of a home unless they are literally taking the walls down.

# ? Aug 12, 2016 20:56

DJCobol: May 16, 2003; CALL OF DUTY!; Grimey Drawer

Drunk Tomato posted:

I wonder, though, is this still true? Since it has been almost 40 years since the banning of lead paint, and most houses change hands every 5-10 years, wouldn't it seem likely that at least one out of the previous five or so owners had thought to remove interior lead paint?

Or just paint over it because "gently caress it, not my problem anymore!" and leave it off disclosure documents.

# ? Aug 12, 2016 20:57

Zhentar: Sep 28, 2003; Brilliant Master Genius

DJCobol posted:

Or just paint over it because "gently caress it, not my problem anymore!"

That's called "encapsulation", and with the exception of window frames is generally the recommended remediation (and even for window frames it often gets recommended based on outdated advisements). The act of removing the lead paint can create an enormous amount of hazardous lead dust, potentially making it far worse than doing nothing.

# ? Aug 12, 2016 22:36

Sperg Victorious: Mar 25, 2011

Finally closed and moved in. Going through some of the issues we knew about with an electrician. If I ever but again, I would be really tempted to have actual tradesmen come in for the inspection instead of the home inspector. Once the electrician started digging into stuff, more things popped up naturally. But the fees to have everyone come out seem comparable to having one home inspector come out.

# ? Aug 16, 2016 18:39

necrobobsledder: Mar 21, 2005; Lay down your soul to the gods rock 'n roll; Nap Ghost

Selling a house has way less stuff to sign than buying a house, yowsers. 11% gain on my house in a year locked in and liquidated. Breaking out the 18 Year Glenlivet.

# ? Aug 17, 2016 01:57

BeastOfExmoor: Aug 19, 2003; I will be gone, but not forever.

necrobobsledder posted:

Selling a house has way less stuff to sign than buying a house, yowsers. 11% gain on my house in a year locked in and liquidated. Breaking out the 18 Year Glenlivet.

Signing papers to sell tomorrow. Up Escrow company managed to gently caress stuff up and not order our payoff statement until today. I will be so happy to not have to deal with this process again for a long time.

So you made 11% after selling fees, etc?

# ? Aug 17, 2016 02:51

Dik Hz: Feb 22, 2004; Fun with Science

necrobobsledder posted:

Selling a house has way less stuff to sign than buying a house, yowsers. 11% gain on my house in a year locked in and liquidated. Breaking out the 18 Year Glenlivet.

drat, at least get a decent single malt for that.

# ? Aug 17, 2016 03:41

Capt. Awesome: Jun 17, 2005; ¡orale vato!

Has anyone tried using Redfin to sell their house? My wife and I were stuck in the middle between renting our place out, or selling it. Since we're not 100% sure what to list it for, Redfin said they'd come out and give us a free consultation, and give us an idea of what we could sell it for. However, it's been like 2.5 weeks, and still haven't heard anything back from them. Granted, our house is basically the nicest house in a nice newer gated community, plunked down on the outskirts of shitsville and the middle of nowhere, so comps aren't exactly the easiest thing to come by, but 2.5 weeks to come up with a number seems a little long, no?

# ? Aug 17, 2016 14:42

necrobobsledder: Mar 21, 2005; Lay down your soul to the gods rock 'n roll; Nap Ghost

BeastOfExmoor posted:

Signing papers to sell tomorrow. Up Escrow company managed to gently caress stuff up and not order our payoff statement until today. I will be so happy to not have to deal with this process again for a long time.

So you made 11% after selling fees, etc?

Yeah, liquid profit. Took my settlement costs - down payment / original purchase price. FSBO so no selling agent fees. There was a buying agent though. $350 fee to the lawyer on our side, and I'm owed a bit because my escrow account is being settled strangely wrt my last property taxes. My lawyer had problems asking my credit union for the payoff statement because they won't let third parties request it, so I had to get it myself. There's an online form so I had no problem. The weirdest thing I found was that our payoff date was for three days after the closing date. I probably should have asked about it, but with the amount I made and the luck I had overall on the transaction I'd rather not complain.

I think the worst part I had in the buying and experience was getting papers notarized for real estate transactions across state lines.

Going back to renting sucks when you have an incompetent property manager that doesn't know anything.

Dik Hz posted:

drat, at least get a decent single malt for that.

I just moved and don't have anything really setup and I had the 18 year in an airplane bottle. Not much to celebrate besides the house sale either so buying any pricey bottle would be a depressing reminder that selling the house might be the only good to happen this year.

# ? Aug 17, 2016 15:11

moon demon: Sep 11, 2001; of the moon, of the dream

Capt. Awesome posted:

Has anyone tried using Redfin to sell their house? My wife and I were stuck in the middle between renting our place out, or selling it. Since we're not 100% sure what to list it for, Redfin said they'd come out and give us a free consultation, and give us an idea of what we could sell it for. However, it's been like 2.5 weeks, and still haven't heard anything back from them. Granted, our house is basically the nicest house in a nice newer gated community, plunked down on the outskirts of shitsville and the middle of nowhere, so comps aren't exactly the easiest thing to come by, but 2.5 weeks to come up with a number seems a little long, no?

Something is screwy for sure. I haven't sold anything with them, but I did try to use them as a buyer's agent, and I was told many times that if I were unhappy with my agent, I could switch agents. Maybe try to switch to a different agent? I know this can be done on their website.

# ? Aug 17, 2016 15:48

Capt. Awesome: Jun 17, 2005; ¡orale vato!

chupacabraTERROR posted:

Something is screwy for sure. I haven't sold anything with them, but I did try to use them as a buyer's agent, and I was told many times that if I were unhappy with my agent, I could switch agents. Maybe try to switch to a different agent? I know this can be done on their website.

Nice. I'll reach back out to the team that put us in touch with the agent originally, and see if we can get someone else to come out and help us. They put together a nice little schpeal, and the numbers speak for themselves, so I'd still really like to try using them as my selling agent if at all possible.

# ? Aug 17, 2016 16:10

Hashtag Banterzone: Dec 8, 2005; Lifetime Winner of the willkill4food Honorary Bad Posting Award in PWM

necrobobsledder posted:

The weirdest thing I found was that our payoff date was for three days after the closing date. I probably should have asked about it, but with the amount I made and the luck I had overall on the transaction I'd rather not complain.

I believe this is pretty normal. You pay an extra couple days of interest and then the bank refunds it to you. But that way if closing gets delayed a few days you don't have to call up the bank and get a new payoff quote.

# ? Aug 17, 2016 16:32

GameCube: Nov 21, 2006

We closed nearly a month ago. Should I have received some kind of paperwork from my homeowner's insurance by now confirming that our house is in fact actually insured? I'm feeling vaguely concerned.

# ? Aug 17, 2016 20:29

SiGmA_X: May 3, 2004; SiGmA_X

GameCube posted:

We closed nearly a month ago. Should I have received some kind of paperwork from my homeowner's insurance by now confirming that our house is in fact actually insured? I'm feeling vaguely concerned.

Yes. Call.

# ? Aug 17, 2016 20:42

Thufir: May 19, 2004; "The fucking Mayans were right."

GameCube posted:

We closed nearly a month ago. Should I have received some kind of paperwork from my homeowner's insurance by now confirming that our house is in fact actually insured? I'm feeling vaguely concerned.

I'd be surprised if your lender let you close if they weren't satisfied you were covered. But yeah, no harm to check.

# ? Aug 17, 2016 20:46

Captain Windex: Apr 10, 2005; It'll clean anything.; Pillbug

Thufir posted:

I'd be surprised if your lender let you close if they weren't satisfied you were covered. But yeah, no harm to check.

Yeah, the lender would have required proof of payment as part of closing which is normally one of the line item fees on your closing statement. If you bought a condo / PUD that is covered by a master policy taken out by your HOA then you probably don't receive anything new directly since the HOA is the insured entity, but that doesn't cover any of your personal belongings. Can't hurt to check in either case.

# ? Aug 17, 2016 20:55

Pittsburgh Fentanyl Cloud: Apr 7, 2003

GameCube posted:

We closed nearly a month ago. Should I have received some kind of paperwork from my homeowner's insurance by now confirming that our house is in fact actually insured? I'm feeling vaguely concerned.

Does your house have a basement?

# ? Aug 18, 2016 00:12

Epitope: Nov 27, 2006; Grimey Drawer

Citizen Tayne posted:

Does your house have a basement?

I am protected :cool:

# ? Aug 18, 2016 02:26

GameCube: Nov 21, 2006

Citizen Tayne posted:

Does your house have a basement?

It does. It is "10% finished," according to something somewhere. I forget what it was now.

# ? Aug 18, 2016 03:24

Pittsburgh Fentanyl Cloud: Apr 7, 2003

Nice! Put a workbench down there so you can drink beer and listen to baseball.

# ? Aug 18, 2016 13:51

GameCube: Nov 21, 2006

The basement is definitely going to be the place I go to to escape my family, and by "my family" I mean my cats.

# ? Aug 18, 2016 18:09

Sub Par: Jul 18, 2001; Dinosaur Gum

I am under contract for a house, we close in October. I'm a first time homebuyer. The inspection is done and things look good, some minor repairs and stuff but nothing crazy. We're currently waiting on appraisal. In the meantime, I'm shopping for homeowners insurance which I know very little about. Any tips about how to shop (should I check out brokers or get quotes on my own?) or what kind of coverage to look for? We don't live in a flood zone and we won't be getting earthquake insurance. Any advice or "man I wish I had known X..." would be appreciated. Thanks!

# ? Aug 19, 2016 05:45

QuarkJets: Sep 8, 2008

our state has this thing where they basically ask for quotes from every licensed insurance agency for a set of predefined homes and then they put those values in a big table so that you can easily compare and contrast roughly how the different insurance companies compare on price and roughly what a house of size X, Y, or Z would cost to insure. It was really useful. See if your state has something similar

# ? Aug 19, 2016 08:20

CelestialScribe: Jan 16, 2008; Can't post for 48 hours!

Going to look at properties for the first time today.

May God have mercy on my soul.

# ? Aug 20, 2016 01:30

MrYenko: Jun 18, 2012; #2 isn't ALWAYS bad...

Got pre approved for a mortgage today. The amount of money they're willing to lend to an obviously-untrustworthy goon is staggering.

:aaaaa:

Also, the fact that the guy has thus far "forgotten" to include a full term sheet or even the estimated interest rates three times now is indication that I should run screaming in the other direction, correct?

# ? Aug 20, 2016 01:38

VendaGoat: Nov 1, 2005

MrYenko posted:

Got pre approved for a mortgage today. The amount of money they're willing to lend to an obviously-untrustworthy goon is staggering.

Also, the fact that the guy has thus far "forgotten" to include a full term sheet or even the estimated interest rates three times now is indication that I should run screaming in the other direction, correct?

You greatly underestimate what it means to live "indoors", has upon the motivation of anyone, this includes, but is not limited to, Goons.

Human beings like their roofs, yo.

Welcome to the outskirts....

I tell you what...

Welcome to, your first stop upon the River Styx.

# ? Aug 20, 2016 01:54

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# ? Jun 4, 2024 23:48

QuarkJets: Sep 8, 2008

MrYenko posted:

Got pre approved for a mortgage today. The amount of money they're willing to lend to an obviously-untrustworthy goon is staggering.

Also, the fact that the guy has thus far "forgotten" to include a full term sheet or even the estimated interest rates three times now is indication that I should run screaming in the other direction, correct?

I think so, yes. Plenty of good mortgage agents out there

# ? Aug 20, 2016 02:26

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > House-buying thread - Why is everyone involved in this process so deeply stupid?

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