All Forum Posts by: Angie Menegay

Last time I used PayPal, the fees were ~3% of the transaction (because credit cards are accepted as well). I can't remember if it's cheaper if the payer uses a bank account (ACH), but I don't recall you can limit the choice to just ACH transactions only.

Howdy Reginald Bell,
Yes we have quite a few Texan members here. Look forward to seeing your updates!
Angie

I use www.erentpayment.com. Their fee is $3/payment and you can set up late fee rules etc. You can also choose to allow partial payments or not. Some landlords will not take partial payments because it makes it harder to evict the tenant if you've already received a partial payment.

As an agent myself, I wouldn't appreciate someone's using my time and not being compensated. However, I understand that you wouldn't want to be locked in for a year if she doesn't perform. So I agree with Lynn M. that you can ask her to sign the representation agreement for those properties that she shows you and/or helps you through the process.

And be ready for a potentially very long waiting period to get the banks to accept your offers :).

Angie

Have you tried contacting Zillow?

And here's the lookup URL for Freddie: https://ww3.freddiemac.com/corporate/

As Carlos F. said, double check. These banks sell most of their loans to Fannie or Freddie, even though they still service the loans themselves (like mine).

I think you might be able to do a HARP 2.0 Refinance. I just did one with Wells Fargo (who owns the loan themselves) to lower the rate. The house was appraised for $115K and the re-fi amount was $114K.

So, talk to your lender, or shop around.

Angie

That is an idea. Just make sure your lender is OK with that too. I had a lender who wouldn't allow more than 2% seller's credit toward closing costs.

James Park: I'd clarify with your LO once more whether this has anything to do with your trying to roll it into your closing costs.

Or as you said, if you trust your broker, ask him if he can represent you instead.

If you're uncomfortable with writing it out to the agent's company (and I would be too), ask for a Title company that they will use, or choose one yourself. A Title company will have to be involved in the end to write up title insurance and other paperwork anyway. I'd rather deal with a Title company than going through some dispute with the listing broker. This is legal and will protect your interest in the transaction.

I'm sure that does happen frequently :), and that's fine if all things are equal (i.e. 2 identical contracts). However, if a listing agent advocates for one offer versus the other based on how much commission he gets, he's in ethic violation with his client (i.e. Seller).

Sorry, didn't mean go too far off topic. I'll stop now :).