Posted by Michael Morrongiello on May 01, 2008 at 16:00:29:
In Reply to: Fade Quote posted by Nick on May 01, 2008 at 07:00:43:
Nick;
I have no idea....Firms that offer "quotes" or bids do so under often where the square peg must exactly FIT into the square hole. At best such a "quote" is nothing more than a best case guesstimate and an excuse to appease lazy Note brokers / finders who do not want to put forth a lot of effort in making sure the deals they price actually close and fund AS QUOTED.
In my opinion or .02 cents that firms who will take the time to review docs, confirm credit, and analyze the property, its location, demographics, etc, - in essence pre-underwriting the potential deal BEFORE pricing it who will most often close as they say they will thus providing some accountability to the Note broker / finder and their customer.
Michael Morrongiello