Re: My client didn't use Prime Lending, his buyer did......***

I just wanted to say, "thank you" to Joe Ridings at Prime Lending. As I'm sure y'all have seen, Prime Lending is the sponsor for Mickey Plyer's blog.

Joe Ridings was able to get us refinanced under a hardship loan on a house we haven't been able to sell for years now. We are so very grateful for this because we have tried other mortgage lenders, and they weren't even remotely willing to help us despite our circumstances.

So, FINALLY, the rent we charge for that house covers our mortgage payment. This will help us out tremendously because we can now save an additional $230 (the difference in our mortgage payments after the refinance) a month towards our adoption, AND we were able to take advantage of Prime Lending's donation policy(They will donate 0.02% of the total amount borrowed in your name to the charity of your choice including IPTAY).

Mr. Ridings is awesome, and I will definitely utilize his services again when we move back to SC! If you don't think you qualify for a refinance and are paying anything higher than 4.5% (+/-), please, give Joe a shout!

www.joeridings.com
(864) 631-2811

Message was edited by: TigerEric35®

Spud

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I just closed a sale for a client who used Prime lending. It

Sep 18, 2012, 9:44 AM

was a nightmare. The first appraisal came in at 362,000 on a 349,900 sale. Everything was approved and ready to roll. On Tuesday, when we were scheduled to close on Friday, the underwriter(In-house) decided the appraisal was not legitimate, so they ordered a new one. This appraiser, basically did a drive by. He never went in the house. He did not use a house that closed two doors down from the subjuect property, but instead used a house five miles away. He even stated to my seller, who saw him, that it was not necessary to go inside the house to do an appraisal. But even worse, he used a house I recently sold by the same custom builder as a comparable sale. That house was 2481 sq.ft. 2.5 baths and vinyl. It sold for 319,900. The subject house by the same builder was 2818sq.ft., all brick,3 full baths and the second appraiser valued it at 309,000. TEN THOUSAND DOLLARS less than the vinyl house that was 300sq.ft. smaller. Prime lending then ordered a 3rd appraisal that came in, thankfully at $350,000 ( which my seller was charged an additional $400 dollars for) and after begging the underwriter, it was accepted as legit. The only deal I have had in the past 5 years that was this bad is a current one I have going on in Seneca with Wells Fargo as the lender. If anyone tries to buy your home and they are using Wells Fargo, BACK UP AND PUNT!

Okay now, back to work.

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Thank you to Prime Lending!

I just closed a sale for a client who used Prime lending. It

My client didn't use Prime Lending, his buyer did......***

No, it was both. The lender's underwriter rejected a cert-

sounds like they use an appraisal management company that

Everyone should know that appraisers are supposed to be

He was local. He made "ZERO" adjustments. Basically,it was a

So, uh, Joe pays for Mackey?***

Nice post...of humans helping humans..especially Clemson

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