Weekend Update: It’s Time To Move Away From The High Pressure $3 Mortgage Inspections
It’s Sunday, September 3rd. On Tuesday the Mortgage Order Mills will start looking for their end of August mortgage drive-by results. Much of Houston will still be under water. FOX News reported today that some sections of Beltway 8 around Houston are under 12 feet of water … as shown in the video.
Now is the time to move away from $3 mortgage inspections … with a profit of “maybe” $1.50 … and work for the higher quality firms that pay the higher fees. The Mortgage Order Mills are going to start putting pressure on mortgage field inspectors to hurry up those end-of-the-month mortgage drive-by inspections that are already late. When back-to-back hurricanes hit the east coast of Florida in 2004, mortgage inspectors were not paid for late inspections caused by blocked roads and the loss of electric and internet. I talked to a woman business owner last week who was stiffed about $35,000 by a Mortgage Order Mill in Lake Worth, Florida.
Minorities and females are the usual targets of some of the Mortgage Order Mills. Don’t become a victim. One Houston mortgage inspector cannot get a Virginia Mortgage Order Mill to return a call and explain why he is not being paid. And, you guessed it, he is a minority. Minorities and females are the usual targets of some of the Mortgage Order Mills. Read some of the horror stories at Foreclosurepedia.