The fucking buyers, who agreed to a 22 day escrow are part of the agreement, are now like "just kidding, we need the full 45 day escrow"
It's not fraud, but it's unethical on the part of the buyers agent, and I wish we could somehow withhold their commission or something.
I want to push back but there is an offer on a different house contingent on selling this one so they kind of have us over a barrel.
they may not have had any choice in the matter
their bank might have been the one that told them to go pound sand
Nearly every bank is on a 45-day lock for mortgages. I don’t want to get into in this thread but the whole industry is run by sales people and not process people and it’s a joke.
The fucking buyers, who agreed to a 22 day escrow are part of the agreement, are now like "just kidding, we need the full 45 day escrow"
It's not fraud, but it's unethical on the part of the buyers agent, and I wish we could somehow withhold their commission or something.
I want to push back but there is an offer on a different house contingent on selling this one so they kind of have us over a barrel.
they may not have had any choice in the matter
their bank might have been the one that told them to go pound sand
Nearly every bank is on a 45-day lock for mortgages. I don’t want to get into in this thread but the whole industry is run by sales people and not process people and it’s a joke.
So I was leaving for work this morning and just as I was about to jump into the car, I noticed there was some weird pile of clothing on the roof of my shed. Then I noticed the clothing was moving around, and had shoes. I hollered at the dude a couple of times to see if I could wake him up, but he didn't respond, so I had to call the non emergency police line, and the dispatcher sent paramedics and the fire dept. The fire dept got him off the roof in a few minutes, but what a crazy experience. I felt bad having to call up the fire dept. but I've learned working downtown, you often don't want to mess around with the bums that may be having a serious drug trip or are drunk.
The mortgage industry is largely run by folks that have been promoted for being strong sales people and are rarely properly trained to manage people or processes- they’re just good at managing their sales numbers.
It’s an industry in huge need of disruption, but all the regulation the banks bitch about actually keeps out new entrants into the industry and let’s the traditional banks be totally ass at mortgage origination with little recourse for borrowers to go somewhere else. For example, at a big bank, about 14 different employees will touch a mortgage application on average, and none of them can read the notes of what the other 13 did. This is an actual goddamn benchmark that we all use! (Small banks, which I recommend if available, average about 4 people, btw...)
Mortgage Loan Officer is an extremely well-paid job- $70k average with the top 10% able to pull in an average over $150k annually. There is no degree or trade certification requirement- new MLOs typically get in the industry because they know someone already in it.
This seems great for MLOs, but management will look at shitty turn times and bad customer experience and say to the MLO “you fucking fix it don’t we pay you enough?” despite these things typically being the result of bad systems and processes and being 98% out of the MLO’s control.
This leads to 60+ hour workweeks for the MLOs and high stress/burnout, but they’re all trapped because there is basically no other job for these folks to be able to earn as much, especially as many don’t have degrees or requisite experience to start anywhere but entry-level in a new industry.
Honestly mortgage applications and processing could be mostly automated. All the application/paperwork should be managed with a digital portal (well, for borrowers that can/prefer this) with the only human parts needed for appraisals and inspections.
My qualifications and experience for this post:
Senior leader at a large bank
Married to a top 10% producing MLO (she’s met with Jamie Dimon a few times based on her performance when she was at Chase) who has worked for 3 different banks
I work closely with the head of mortgage/consumer lending at my bank
I have friends and professional contacts that are senior leaders in mortgage at Chase, USBank, PNC, and M&T
So, we noticed after living in our house a little while that the roof design has no gutters, but instead drains at the corners of the roof. It's a well pitched roof, but I'm not sure what we'll do about cleaning the drains. We're going to get up to 35mm of rain in the next couple of days so we'll get a sense of how it performs. The roof is only about three years old, though the house is 50 years old.
:so_raven:
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MichaelLCIn what furnace was thy brain?ChicagoRegistered Userregular
My first mortgage went through a local broker, then I re-fi'd a few years later with Aimloan.com since I was looking to get a 15-year instead of 30. They were both easy enough, and both choices beat the pants off any rate I could get from a Big Bank or even the local credit unions.
If you have (or have easy access to) a laser printer + scanner, there isn't any reason to not do an online mortgage.
Our first mortgage was a real pain to get because the house needed a lot of work up front. Appraisals were coming in $40K lower than the asking price which was based off of the property size. Ended up having to go through a private lender at a higher percentage for 3 years and we had to sink $25K into renovations in the first 6 months to get the appraisal high enough to make them happy.
When we renewed we were able to go through a bank which had a better rate, but then when the next renewal came up that bank didn't want to give us more to add another building, so on to another bank. Now, 3 lenders later the property is appraised $250K higher than our mortgage amount.
Because if you're going to attempt to squeeze that big black monster into your slot you will need to be able to take at least 12 inches or else you're going to have a bad time...
I met my new neighbor before I even started moving things into my new house because he worked at the title place and overheard our address and introduced himself before we went in to sign the papers.
"Hey I heard your address and I live across the street. Welcome to the neighborhood."
I've been on the hunt for a bit now and found a place I really like at a good price. Set up a second viewing for Sunday with a friend I trust to give me a good "you are/aren't crazy" read and of course someone made an offer on it just now this afternoon.
Debating going for it too, but felt comical after I decided not to post a comment earlier that was basically the same sans the rival.
I've been on the hunt for a bit now and found a place I really like at a good price. Set up a second viewing for Sunday with a friend I trust to give me a good "you are/aren't crazy" read and of course someone made an offer on it just now this afternoon.
Debating going for it too, but felt comical after I decided not to post a comment earlier that was basically the same sans the rival.
This stuff is stressful.
send us a link let us judge you like a greek chorus.
I have no idea what this neighborhood is like but I know PCH right there is not a good area.
But look at those interiors!
That is the most beautiful bungalow I've seen in a while. They've really done a lovely job coordinating the interior and exterior design. I"m highly envious!
Nice when they leave useful stuff and not a bunch of garbage.
I
uh
accidentally left my tarantula's old terrarium, and the tupperware container that had 8 years worth of her molted skins in it. I was going to do a nice framed art project that showed her increasing size, but never got around to it.
I imagine the maintenance people at my apartment were quite surprised
Our mortgage is held by Wells Fargo and they constantly can't stay out of their own way when it comes to general banking. I feel nervous about staying there, but the cost of refinancing to get to another bank doesn't seem worthwhile. Especially when other banks can't match or improve the rate.
We haven't had any shenanigans with ours but the way WF is managing themselves, I feel that's more of an anomaly than a normality.
Just schedule, put it on the curb, and it's all picked up.
I get bulk pickup once a week.
Sometimes I just throw an armoire out there, just for the rush.
Do you do so whilst sitting on the front porch Kramer style, till someone comes and informs you they're taking said armoire and that's all there is to it?
No matter where you go...there you are. ~ Buckaroo Banzai
We finished closing and the champagne is gone, so I highly encourage everybody to buy a house.
We have too much champagne. Our title agent gave us a bottle, our new next door neighbor gave us a bottle, my fiancees parents gave us a bottle, and another one has been promised some friends.
I don't even like champagne!!
Mix with OJ (Or other juice of your choosing). Sip on Saturday morning and enjoy a wasted afternoon!
We finished closing and the champagne is gone, so I highly encourage everybody to buy a house.
We have too much champagne. Our title agent gave us a bottle, our new next door neighbor gave us a bottle, my fiancees parents gave us a bottle, and another one has been promised some friends.
I don't even like champagne!!
You bought a house, now you have a place to have a party. Serve Champagne.
Came home and both kitchen sinks were half full of dirty water.
Turns out when I told my roommate she should stop putting everything the tiny human didn't eat down the garbage disposal instead of at least scraping the large food chunks into the garbage I was right.
Thankfully an hour and a bottle of liquid plumber or two cleared it but jfc please stop putting that shit down the drain
Where the kitchen sink in the adjoining unit was so backed up that somehow whenever I flushed a dookie, it would bubble up in that sink.
I learned this 2 minutes after taking a dump and opening the front door to the landlord in semi-hazmat gear holding a plumbing snake asking me if I had used my bathroom recently, because he was having a real shit time trying to fix the sink in said other unit
Came home and both kitchen sinks were half full of dirty water.
Turns out when I told my roommate she should stop putting everything the tiny human didn't eat down the garbage disposal instead of at least scraping the large food chunks into the garbage I was right.
Thankfully an hour and a bottle of liquid plumber or two cleared it but jfc please stop putting that shit down the drain
Yea, you should be telling her that a garbage disposal is not the garbage can. It is meant for crumbs that get missed when throwing food off a plate into the garbage.
I caught my wife throwing potato rinds down into the garbage disposal... It burned out... she learned her lesson.
" I am a warrior, so that my son may be a merchant, so that his son may be a poet.”
― John Quincy Adams
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That_GuyI don't wanna be that guyRegistered Userregular
Came home and both kitchen sinks were half full of dirty water.
Turns out when I told my roommate she should stop putting everything the tiny human didn't eat down the garbage disposal instead of at least scraping the large food chunks into the garbage I was right.
Thankfully an hour and a bottle of liquid plumber or two cleared it but jfc please stop putting that shit down the drain
Yea, you should be telling her that a garbage disposal is not the garbage can. It is meant for crumbs that get missed when throwing food off a plate into the garbage.
I caught my wife throwing potato rinds down into the garbage disposal... It burned out... she learned her lesson.
My mom was over at my house a couple of weeks ago and tried to put lime rinds into the disposal. I had to explain that it's more there to assist in getting dirty water down the drain. You don't throw big hunks of waste down there unless you really enjoy snaking your pipes on a regular basis. I like to think of it more as an assistant for when you let crap get down the drain and not another trash can. I'm sure the local waste water treatment plant appreciates it.
Came home and both kitchen sinks were half full of dirty water.
Turns out when I told my roommate she should stop putting everything the tiny human didn't eat down the garbage disposal instead of at least scraping the large food chunks into the garbage I was right.
Thankfully an hour and a bottle of liquid plumber or two cleared it but jfc please stop putting that shit down the drain
Yea, you should be telling her that a garbage disposal is not the garbage can. It is meant for crumbs that get missed when throwing food off a plate into the garbage.
I caught my wife throwing potato rinds down into the garbage disposal... It burned out... she learned her lesson.
My mom was over at my house a couple of weeks ago and tried to put lime rinds into the disposal. I had to explain that it's more there to assist in getting dirty water down the drain. You don't throw big hunks of waste down there unless you really enjoy snaking your pipes on a regular basis. I like to think of it more as an assistant for when you let crap get down the drain and not another trash can. I'm sure the local waste water treatment plant appreciates it.
Some people do that to clean the blades on the disposal and get rid of some of the smell, especially with orange peel.
Came home and both kitchen sinks were half full of dirty water.
Turns out when I told my roommate she should stop putting everything the tiny human didn't eat down the garbage disposal instead of at least scraping the large food chunks into the garbage I was right.
Thankfully an hour and a bottle of liquid plumber or two cleared it but jfc please stop putting that shit down the drain
One thing to note though, liquid plumber isn't a long term solution and can often make things worse by merely pushing smaller clogs a little bit further on so they end up clogging with debris further on, creating a much larger clog much deeper in the pipes that will have to be power-snaked out. It can also be dangerous for whomever you call to fix the problem if the liquid plumber can't clear the clog, as when they go to snake they could get a faceful of now-caustic sludge.
People are way too cautious with their disposals in terms of what you put down in it.
It's capable of handling much more than crumbs and its entire purpose is to turn normal scraps into easy to flush down particles.
Hell even the manuals say shit like corn husks, bones, fruit pits, peels etc...
Of course its easier if you scrape all but the tiniest scraps off dishes but why'd you buy a half horsepower grinding machine to not use it.
Brother in law who is a plumber said some High end models say you can throw whatever the fuck you want down there.
+7
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That_GuyI don't wanna be that guyRegistered Userregular
Came home and both kitchen sinks were half full of dirty water.
Turns out when I told my roommate she should stop putting everything the tiny human didn't eat down the garbage disposal instead of at least scraping the large food chunks into the garbage I was right.
Thankfully an hour and a bottle of liquid plumber or two cleared it but jfc please stop putting that shit down the drain
Yea, you should be telling her that a garbage disposal is not the garbage can. It is meant for crumbs that get missed when throwing food off a plate into the garbage.
I caught my wife throwing potato rinds down into the garbage disposal... It burned out... she learned her lesson.
My mom was over at my house a couple of weeks ago and tried to put lime rinds into the disposal. I had to explain that it's more there to assist in getting dirty water down the drain. You don't throw big hunks of waste down there unless you really enjoy snaking your pipes on a regular basis. I like to think of it more as an assistant for when you let crap get down the drain and not another trash can. I'm sure the local waste water treatment plant appreciates it.
Some people do that to clean the blades on the disposal and get rid of some of the smell, especially with orange peel.
I clean the blades by dumping a pot full of soapy water down the drain while it's running.
I use a full ass sink of soapy water on both sides but only after a little baking soda and vinegar diy cleaner to loosen shit up.
I inherited my disposal from the previous owner so it's gotta be damn near 20 years old by now.
Posts
Nearly every bank is on a 45-day lock for mortgages. I don’t want to get into in this thread but the whole industry is run by sales people and not process people and it’s a joke.
This seems like the thread to get into it in.
It’s an industry in huge need of disruption, but all the regulation the banks bitch about actually keeps out new entrants into the industry and let’s the traditional banks be totally ass at mortgage origination with little recourse for borrowers to go somewhere else. For example, at a big bank, about 14 different employees will touch a mortgage application on average, and none of them can read the notes of what the other 13 did. This is an actual goddamn benchmark that we all use! (Small banks, which I recommend if available, average about 4 people, btw...)
Mortgage Loan Officer is an extremely well-paid job- $70k average with the top 10% able to pull in an average over $150k annually. There is no degree or trade certification requirement- new MLOs typically get in the industry because they know someone already in it.
This seems great for MLOs, but management will look at shitty turn times and bad customer experience and say to the MLO “you fucking fix it don’t we pay you enough?” despite these things typically being the result of bad systems and processes and being 98% out of the MLO’s control.
This leads to 60+ hour workweeks for the MLOs and high stress/burnout, but they’re all trapped because there is basically no other job for these folks to be able to earn as much, especially as many don’t have degrees or requisite experience to start anywhere but entry-level in a new industry.
Honestly mortgage applications and processing could be mostly automated. All the application/paperwork should be managed with a digital portal (well, for borrowers that can/prefer this) with the only human parts needed for appraisals and inspections.
My qualifications and experience for this post:
Senior leader at a large bank
Married to a top 10% producing MLO (she’s met with Jamie Dimon a few times based on her performance when she was at Chase) who has worked for 3 different banks
I work closely with the head of mortgage/consumer lending at my bank
I have friends and professional contacts that are senior leaders in mortgage at Chase, USBank, PNC, and M&T
I left an electric grill and a NuWave cooker. So Chaotic Neutral at least.
It was great, way better than the first time I attempted to buy a house and went through the bank my parents recommended.
If you have (or have easy access to) a laser printer + scanner, there isn't any reason to not do an online mortgage.
When we renewed we were able to go through a bank which had a better rate, but then when the next renewal came up that bank didn't want to give us more to add another building, so on to another bank. Now, 3 lenders later the property is appraised $250K higher than our mortgage amount.
"Hey I heard your address and I live across the street. Welcome to the neighborhood."
https://www.redfin.com/CA/Long-Beach/1169-E-17th-St-90813/home/7614042
I have no idea what this neighborhood is like but I know PCH right there is not a good area.
But look at those interiors!
Debating going for it too, but felt comical after I decided not to post a comment earlier that was basically the same sans the rival.
This stuff is stressful.
send us a link let us judge you like a greek chorus.
That is the most beautiful bungalow I've seen in a while. They've really done a lovely job coordinating the interior and exterior design. I"m highly envious!
wish list
Steam wishlist
Etsy wishlist
I'm not fond of the modern art area rug, but the rest of the decor is sexy.
~ Buckaroo Banzai
I mean right between the port and the airport has gotta be good, right?
I
uh
accidentally left my tarantula's old terrarium, and the tupperware container that had 8 years worth of her molted skins in it. I was going to do a nice framed art project that showed her increasing size, but never got around to it.
I imagine the maintenance people at my apartment were quite surprised
We haven't had any shenanigans with ours but the way WF is managing themselves, I feel that's more of an anomaly than a normality.
Damn shame though, throwin' away a perfectly good white boy.
I get bulk pickup once a week.
Sometimes I just throw an armoire out there, just for the rush.
Come Overwatch with meeeee
I honestly don't know what that area of long beach is like, it changes block to block, but it's almost certainly not a good area.
Do you do so whilst sitting on the front porch Kramer style, till someone comes and informs you they're taking said armoire and that's all there is to it?
~ Buckaroo Banzai
As I tell my kids when they get on my nerves, "I made you. I can just make another one of you and sell you to the highest bidder if it suits me."
I'm not sure if paraphrasing Bill Cosby is a good parenting strategy, though.
Eh. Just because he was a crappy dude doesn't mean he didn't say a couple funny things.
Damnatio memoriae is how we deal with bad people now.
Mix with OJ (Or other juice of your choosing). Sip on Saturday morning and enjoy a wasted afternoon!
You bought a house, now you have a place to have a party. Serve Champagne.
Turns out when I told my roommate she should stop putting everything the tiny human didn't eat down the garbage disposal instead of at least scraping the large food chunks into the garbage I was right.
Thankfully an hour and a bottle of liquid plumber or two cleared it but jfc please stop putting that shit down the drain
Where the kitchen sink in the adjoining unit was so backed up that somehow whenever I flushed a dookie, it would bubble up in that sink.
I learned this 2 minutes after taking a dump and opening the front door to the landlord in semi-hazmat gear holding a plumbing snake asking me if I had used my bathroom recently, because he was having a real shit time trying to fix the sink in said other unit
Yea, you should be telling her that a garbage disposal is not the garbage can. It is meant for crumbs that get missed when throwing food off a plate into the garbage.
I caught my wife throwing potato rinds down into the garbage disposal... It burned out... she learned her lesson.
― John Quincy Adams
My mom was over at my house a couple of weeks ago and tried to put lime rinds into the disposal. I had to explain that it's more there to assist in getting dirty water down the drain. You don't throw big hunks of waste down there unless you really enjoy snaking your pipes on a regular basis. I like to think of it more as an assistant for when you let crap get down the drain and not another trash can. I'm sure the local waste water treatment plant appreciates it.
Some people do that to clean the blades on the disposal and get rid of some of the smell, especially with orange peel.
QEDMF xbl: PantsB G+
One thing to note though, liquid plumber isn't a long term solution and can often make things worse by merely pushing smaller clogs a little bit further on so they end up clogging with debris further on, creating a much larger clog much deeper in the pipes that will have to be power-snaked out. It can also be dangerous for whomever you call to fix the problem if the liquid plumber can't clear the clog, as when they go to snake they could get a faceful of now-caustic sludge.
It's capable of handling much more than crumbs and its entire purpose is to turn normal scraps into easy to flush down particles.
Hell even the manuals say shit like corn husks, bones, fruit pits, peels etc...
Of course its easier if you scrape all but the tiniest scraps off dishes but why'd you buy a half horsepower grinding machine to not use it.
Brother in law who is a plumber said some High end models say you can throw whatever the fuck you want down there.
I clean the blades by dumping a pot full of soapy water down the drain while it's running.
I inherited my disposal from the previous owner so it's gotta be damn near 20 years old by now.