Kevin J. May, Serving the Treasure & Paradise Coasts of Florida (Florida Supreme Realty)

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Rainmaker
650,408
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Aycanta Forditt 🤣😂🤣😂🤣😂🤣😂

All those plastic cards can't buy you love!

Could use them to buy the house at 20% interest.

What does she need a loan for?

Jan 29, 2019 10:29 AM
Rainmaker
718,016
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

.....you name it...I got it......

all under different names.

Ahhhh, now we  see what happens after a breech OR

When someone has more money than they can spend EVERYONE wants to help.

Jan 29, 2019 09:15 AM
Rainmaker
2,380,614
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Underwriters have molten lead in their veins, will not die of snake-bite and can lay down a barrier or hoop to be climbed or passed through and lose no sleep over it. When they approve you get the loan. Until then, scrutiny city!

Jan 29, 2019 09:48 AM
Rainmaker
888,480
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

I'm not an underwriter, I'm a San Diego REALTOR who's never too busy for your referrals!

Jan 29, 2019 10:38 AM
Rainmaker
3,124,783
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I am not an underwriter but I have concerns that go beyond any potential lending issue. 

Jan 29, 2019 10:06 AM
Ambassador
3,841,455
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Are the cards paid off?

Jan 29, 2019 09:54 AM
Rainmaker
2,749,757
Richard Weeks
Dallas, TX
REALTOR®, Broker

An underwriters concern is when will 5:00pm Friday get here.

Jan 29, 2019 09:52 AM
Rainmaker
708,416
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

The bright spot is Black Card; it's not for everyone. Maybe there is some real cash/assets behind this.

Jan 29, 2019 08:54 AM
Rainmaker
1,333,587
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

I'm not an underwriter, but wow, that is a lot of plastic.

Jan 29, 2019 12:53 PM
Rainmaker
4,701,808
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

WOW.... some people love their plastic....

Jan 29, 2019 11:54 AM
Rainmaker
1,178,637
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Holy cow!  I thought I was bad with 4 cards!

Jan 29, 2019 11:51 AM
Rainmaker
4,409,306
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Speechless.

Jan 29, 2019 11:37 AM
Rainmaker
1,466,633
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

I'm with Annette. I really thought that banks stopped doing that stuff? I guess not. 

Macy's ... the rif-raff card.

Jan 29, 2019 10:56 AM
Rainer
165,214
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

I’m not an underwriter, but have approved loans for many years. The problem with consumers is that they think the more credit cards, the higher your credit score is. No one needs this many cards, for any reason, period.

A good underwriter will look to see the potential of available credit, and might decide to decline a mortgage request based on that reason, even if they show no balances on them.  Think “Midlife crisis”.  The potential of this customer charging them to the maximum credit line would be of great concern on the repayment ability of your mortgage. As amortgage broker, I tell my customers to only have two or three cards. A Visa or MasterCard, American Express, and Discover card. That is all you ever need.

Jan 30, 2019 08:09 AM
Rainmaker
1,469,045
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

My immediate response is... are they all in your name?

Jan 29, 2019 12:50 PM
Rainmaker
4,143,879
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Kevin,

I am always in scrutiny mode when it comes to $$$$$.  Cheers.  A

Jan 29, 2019 12:34 PM
Rainmaker
2,814,188
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Fell off my chair laughing, Kevin.

Jan 29, 2019 10:33 AM
Rainmaker
872,398
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Oh boy, so many credit cards.  

Do they all have a balance? 

Jan 30, 2019 07:21 AM
Ambassador
1,561,109
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Does the Federal Reserve balance his books too?

Jan 29, 2019 04:09 PM
Rainmaker
610,363
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Lots of credit but no cash.

Jan 29, 2019 02:46 PM
Rainmaker
360,753
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Not someone I would want to deal with.

Jan 29, 2019 01:09 PM
Rainmaker
3,937,650
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I would be running as an agent

Feb 03, 2019 04:41 PM
Rainmaker
2,931,391
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

My ex wife is a underwriter and I would not ask her.

 

Feb 02, 2019 03:42 PM
Rainmaker
3,930,082
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Why would anyone need 40 different cards, wow!!!

Feb 01, 2019 07:27 AM
Rainmaker
1,198,715
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Going to have to have a George Constanza wallet to handle all those cards, Kevin J. May ... 

Gene

Jan 30, 2019 09:19 AM
Rainmaker
4,749,998
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I think it would depend on the balances.

Jan 30, 2019 06:29 AM
Rainmaker
3,026,115
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

It could be a complete disaster requiring another cup of coffee or a bunch of zero balances complete with a sigh of relief

Jan 30, 2019 04:20 AM
Rainmaker
505,402
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

What are their balances and spending habits? I might want to see bank statements going back a while to see if they were all actively used or not.  If the balances were kept low and most cards were empty, I'd imagine a great score. If they were all in some state of constant use with minimum payments, I'd be worried. 

For the record, not an underwriter but a former Loan Officer for both mortgages and auto finance. 

Jan 29, 2019 09:09 PM
Ambassador
3,007,190
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Holy guacamole! How does one keep up with that many cards?! 

Jan 29, 2019 08:20 PM
Rainmaker
5,072,718
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Good luck.

Jan 29, 2019 01:01 PM