Lending Information 4 You

crytle asked:


My husband and I are in the process of buying our first home. A realtor recommended a loan agency to us to get our pre-qualification letter. I can’t find any information on the internet about this company. She wants to meet with us tomorrow night (in her home I might add). I’m extremely leary just handing over all of my personal information to just anyone. My parents told me I need to just get my loan through a bank since chances are, they’ll buy the loan anyway, but my husband says that this woman will work just fine for us. (I think he is being a little naive about this though). How do you know if you’re working with a reputable lender or if I should get away before it’s too late? DOes it seem weird that she wants to meet with us in her home as opposed to an office? Is there anything I should keep an eye on or pertinent questions I should ask her during our meeting?
Please help!!

Grumpy asked:


My husband and I made an offer on a foreclosure property. After submitting our offer the realtor told us we had been out-bid by a small amount. He discouraged us from continuing to bid. 6 months later we have come to find out that the realtor/ listing agency bought the property. This is the same exact realtor that submitted our offer and advised us to give up. They used our bid to make their look good. They are also the agency that initially set the price on the home. Is this legal? Would it be worthwhile to contact the owner of the home (a lending agency)?