FW: HIP PLACE

[jennifer@metrorealtycorp.com]

Hi Robert:
Hopefully you can get this...Jennifer

-----Original Message-----
From: Jennifer R. Johnson [jennifer@metrorealtycorp.com]
Sent: Thursday, August 21, 2003 8:35 AM
To: Robert
Subject: RE: HIP PLACE

I always perform my due diligence by speaking with the mortgage broker or
financing company on any particular deal.  It is my preference for buyer's
to use my mortgage broker in Brookline as I have more control over and
confidence in the deal.  I am usually able to persuade people to use this
individual especially if they are considering using an on-line service or
out of state broker.  Therefore I'm not as much concerned about HOW a buyer
will finance but through whom the financing would occur.  I wouldn't even be
worried for a moment if an individual wanted to finance 100% as long as it
was with a broker or bank I had a strong relationship with and good
performance history.  I'd actually be more concerned if someone wanted to
finance only 50% YET was going through an on-line service, i.e., mortgage
tree or any other comparable service as I have zero control over the loan
and probably won't get a returned phone call let alone an honest answer.
The financing portion is the most important component of the offer which
means a real estate broker absolutely has to be in constant communication to
ensure deadlines are being met especially since mortgage commitment are not
secured until POST Purchase and Sale which places seller's in serious
jeopardy if there is in incompetent mortgage broker handling the financing.
That is my long answer to your short question.  Hopefully it helps.
Jennifer