10 Day Close: Its Not Just Advertising is a post from: Ten Day Close

10 Day Close – It’s not just advertising!

With only days remaining until their scheduled closing, my clients learned that their FHA loan would not be approved by a major bank because the property did not clear the 90 Day Flipping Rule.  Even though FHA disregarded those rules previously, major banks still have not softened.

I referred my clients to Steve Alonso on Friday afternoon.  By Friday evening he had their file in process, had contacted the previous lender to obtain the first appraisal and had ordered the second appraisal that would be required.  On Saturday morning we met Steve at his office and he took the time to fully inform them of what he could do and assured them that they would be approved.  He completed all the disclosures and worked closely with them to obtain all the paperwork needed to submit to underwriting.

My clients signed their documents at title on the 9^th day after contacting Steve.  They received their keys on the 10^th day thanks to Steve and his team of professionals.

The buyers will always remember their first home purchase and the fact that Steve prevented them from losing their $8,000 tax credit and even gave them a better deal than the major bank.

If you are looking for a Top Notch Lender, pick up the phone and call Steve Alonso.

You’ll be glad you did.

DeWitt Lang,    e-PRO, REALTOR ®
Realty Executives, Inc. 6263 N Scottsdale Rd, Ste. 140, Scottsdale , AZ   85250
602.796.9060 cell     866.285.9047 fax
Visit our website at:  www.AZHomeOnline.NET
Email me at:  DeWitt@LangAndLang.com

Ten Day Close For A New Home From DR Horton is a post from: Ten Day Close

From: Another Happy Client
Sent: Wednesday, June 02, 2010 9:36 PM
To: Matt Long; Doris Martinez; Summer Hershey
Subject: RE: Our New Home

Wow! Our heads are still spinning. I have never perchased a house where everything came together so well or so fast! This is the sixth house I’ve bought in my lifetime, and by far it was the best. I have to admit the two week timeline was a bit stressful, but having all of you working for us made it a lot eazier. If there ever was a “Dream Team” for a home purchase you guys were it. Starting with Matt, You are the best, man. Thank you for all of your hard work, this would not have been possible with out you. Doris at Academy was Awesome aswell as the people at Great American Title.
Summer, and everyone at DR Horton, Thank you so much for looking out for us on the day of our closing. I have to admit. We were “Stressed” , but you made it alot eazier.

Again, we can’t thank you guys enough!

PS. Don’t worry, I am NOT relaxing. I have Ceiling Fans to hang, Window treatments to buy, and a whole backyard to plant.
But this is where the fun begins.

Sincerely,
Another Happy Client

Scott Smith: Obtaining The Unobtainable! is a post from: Ten Day Close

From: Eva Potter
Date: Mon, May 17, 2010 at 5:08 PM
Subject: obtaining the unobtainable!
To: Scott Smith

May 17, 2010

Scott:

Just wanted to drop you a note to thank you once again for all of your help in getting my home.

When I went with Peoples Mortgage, it seemed like a never ending uphill battle going from one Lender to another.

It was frustrating and then I was told that we had to go with Chase bank because USDA was running out of money and it was now being funded by Chase bank.

And not only that but it would take 60 days to get it through Chase Bank and that would take too long and USDA would have run out of money then.

Needless to say Scott, you and Academy Mortgage has been a God send. Even though It seemed tough getting all of the documents the difference in timing to get the home was tremendous.

You were able to push my loan through in about 3 weeks, instead of 60 days. Once again thank you for going back to your office late at night and working on my loan. You truly have gone above and beyond to help me.

This message would not be complete unless I mentioned all of the help that Easa gave me. He is a very nice young man and was very patient and polite each time he helped me. Scott you have a good guy working for you.

I believe if more Mortgage Companies would hustle like you did Scott, more people would be living in their dream homes also.

Eva L. Potter

Scott Smith Provides “Smoothest Closing In A Long Time” is a post from: Ten Day Close

One of the great things about working with experienced loan officers is that they are able to provide the highest levels of service to their clients.

One recent example of a(nother) happy client was someone who worked with Scott Smith to finance their new home. Consider the email Scott recently received:

Anderson Thank you

From: Laura Anderson
To: Scott Smith

It has been such a pleasure to work with you! This is one of the smoothest closings that I’ve had in a long time. Thanks for all your hard work on this, and I definitely recommend you to my next buyers!

LAURA ANDERSON

Ted Canto Has Another 10 Day Close is a post from: Ten Day Close

Jeremy Cobb & Jennifer Doty

“Ted and his team were great to work with! They answered all of our questions quickly and in a way we understood, and got us our loan fast. Ted’s team was incredibly flexible working with us in obtaining our loan. They know what they’re doing and how to work with people to get the job done! Ted’s excellent level of service put us at ease while making the biggest purchase of our lives. We have nothing but good words and thanks for the work he did! They had our docs at title in 9 days (Way too fast)!

Thanks Ted!

Justin McHood and Steve Lines Exceed All Expectations With the Ten Day Close Guarantee is a post from: Ten Day Close

Recently, Dean Ouellette, a local AZ Real Estate Agent, and known vocal skeptic of the 10 Day Close Guarantee gave Justin McHood and Steve Lines a chance to prove him wrong after losing hope in another bank after 45 days.

Two days after the borrower’s application was taken, Steve and Justin delivered loan documents to title for signing.

See what Dean had to say about the experience.

Craig Bohall and His Team Impress With a 10 Day Close is a post from: Ten Day Close

2 Week Close!!!!!! Really!! It’s true!! We had a client that had an offer in for a short sale that went on for almost 4 months. It was awesome to get an approval letter and close this deal IN LESS THAN 2 WEEKS after receiving the approval.

Craig’s team is amazing. Everyone on the team knows their stuff and their communication is impeccable. In this market it is critical to have an awesome team backing you up. That is why Karen and I have named Craig as our preferred lender. AND YES!!!!. It REALLY was LESS than two weeks.

Thanks,

Roger

Steve Lines Has Another 10 Day Close Success Story – Not a Cake Walk is a post from: Ten Day Close

Summary of the Transaction:

• Purchase offer in Maricopa, AZ for $185,000
• First-time homebuyer who wants to ensure they close in time to qualify for the $8000 tax credit.
• REO “Bank-Owned” Property
• Offer accepted by the seller on 10/20/09
• Seller sets close of escrow date of 12/04/09
• Seller requires written approval by 11/13/09

Red-Flag Items on File:

• Total Debt-To-Income is at 52%
• Previous bankruptcy
• Open collections on credit report (subsequent to bankruptcy)
• $17,000 federal tax lien showing open on credit report
• Down payment source is a gift from an out-of-state relative

File Timeline:

• 10/21/09: Application and disclosure sent to buyer
• 10/21/09: Rate locked at 4.875%
• 10/26/09: Final appraisal received with value of $183,000 (2,000 below purchase price)
• 10/27/09 9:25 AM: Addendum to purchase contract obtained ** without sellers signatures **
• 10/27/09 10:17 AM: File submitted to underwriting
• 10/27/09 11:41 AM: File approved with conditions
• Conditions:
• Seller-signed addendum to purchase contract prior to documents sent to the title company
• Open tax lien removed from credit report prior to documents sent to the title company
• 10/27/09: Proof of tax lien release sent to credit reporting agencies to scrub from the credit report.
• 10/28/09: Credit report received with tax lien showing released
• 10/30/09 4:30 PM (Friday) Seller-signed addendum received
• 11/02/09 (Monday) Loan documents sent to the title company

And Then …

• 11/13/09 Date the bank requested a written loan approval by…
• 12/04/09 Close of escrow date per the purchase contract …

Steve Lines
Authorized FHA Loan Consultant and Co-Branch Manager
Academy Mortgage
Serving Arizona
480-344-3662 (direct)
480-329-3346 (mobile)
slines@bestfhalender.com (email)
www.bestFHAlender.com (my blog)
www.twitter.com/stevelines
www.linkedin.com/in/stevenlines

Steve Alonso Has USDA Loan Docs to Title in Ten Business Days is a post from: Ten Day Close

“Steve,

By the way, just wanted to tell you that your the best!!
You have under promised and over delivered! Jason and I are very pleased with the services you have provided thus far.
Keep up the good work!”

Alicia

Steve Alonso Comes Through In A Clutch. is a post from: Ten Day Close

“I just wanted to send a thanks out to all involved who help me acquire my new home.

Mitch for helping me find the right place, Steve for coming through in a clutch situation (bottom of the 9th with two outs) and Renae who kept me apprised and from blowing up Mitch’s phone.

Your team work made it all happen and I am benefiting from it.

Thanks again so much, it’s nice to have a place I can call home.”

Dave

In September, Dave found Steve Alonso through bestFHAlender after working with another lender for over a month trying to get his loan approved.  When he first contacted Steve, he was worried that he because of the other lender’s delay, he would not be able to close his loan in time and would lose his purchase contract.

Steve had Dave’s loan docs to title in 10 days.