I recently worked with a great loan officer and equally great attorney. The seller backed out at the point of contract signing, so I'm still apartment-less, but I know folks look for referrals here and I want to speak highly of these guys. The loan officer is Peter Chace with Chase (yes his last name is Chace and he works at Chase. That is not a typo). He helped get all of my information ready for... [more]
I recently worked with a great loan officer and equally great attorney. The seller backed out at the point of contract signing, so I'm still apartment-less, but I know folks look for referrals here and I want to speak highly of these guys. The loan officer is Peter Chace with Chase (yes his last name is Chace and he works at Chase. That is not a typo). He helped get all of my information ready for loan application, came in on a couple of Saturdays to assist me with paperwork, took a ton of time explaining every part of the process to me (I'm a first time buyer) and got back to me immediately with every question. He's an incredibly nice man and a total professional. (peter.b.chace@chase.com)
As well, Donald Fraser is a very thorough and responsive attorney. He's in Brooklyn Heights. (dfraseresq@aol.com)
I'm totally disillusioned from this aborted deal. But if I can stomach going through this again, I will definitely do it with the two of them. So, just wanted to pass them along if anyone is looking for referrals.
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Response by Flutistic
about 12 years ago
Posts: 516
Member since: Apr 2007
Hi unsure, my condolences on what has happened to you. It is brutal out there. And yes Mr. Fraser is well known to be a great buyer's attorney.
There's an old saying that might offer some comfort: Who loses in every market? Is it the bulls? Is it the bears?.....Or is it the pigs?
The latest thing is, we have a seller who supposedly is questioning whether we can buy their apartment all-cash and still afford to pay our personal income taxes this year.........for a condo.
They think they are sophisticated finance people, but apparently not sophisticated enough to realize I am not going to willingly turn over detail of every account and holding we have in our net worth to their agent for a purchase that is well below what we can afford.
What's happening is, the agents think they are deliberately under pricing and they expect evoke heavy traffic and a bidding war. And they are getting the traffic.
But real estate prices are seasonal (duh) and they are heading down for the next couple weeks, not up.
So I can list you a couple of properties that are priced like that that are sitting on the market way too long.
Those sellers are not going to accept the full asking price, because their agents have wrongly convinced them to expect an above asking price sale.
If they wait until spring prices may very well catch up, unless of course there are big financial earthquakes and then sellers will regret it.
I met a woman the other day who looked at more than 100 apartments before landing one in Prospect Hts Brooklyn, no mortgage contingency and it needs reno. So try to hang in there.
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Response by unsure
about 12 years ago
Posts: 79
Member since: Dec 2009
Yep. This one really did me in. I'm still stunned that the seller would pull out after the contract was settled and I signed. He was an oddball from the get-go. I probably should've proceeded with caution--but, of course, I loved the place (which you probably shouldn't do until you close). I am hoping to find and buy a place, but there are days when I am doubtful that will happen. That said, my loan officer and attorney were so great--so I wanted to put their names out. I read so many terrible accounts of people's issues with the professionals assisting their purchases. At least I did not have that issue.
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Response by Flutistic
about 12 years ago
Posts: 516
Member since: Apr 2007
I'm really sorry unsure. We really know what that feels like, although we haven't got to the "we signed they didn't" stage yet.
We had 2 deals killed by legal problems discovered in due diligence. Those were our heart breakers.
Then there was the deal with the illegal construction, an apartment we really fell in love with.
You have to first convince yourself that a particular place is a worthy purchase, it's inevitable that you do this, and then, when the rug gets pulled out from under you for any reason, you've made an emotional investment and it certainly feels like a loss emotionally.
We had another recent case when after our full-ask offer and much back and forth, cat and mouse, apartment was 100 days on the market, the poor agent told us the buyer was taking the apartment off the market permanently--for the second time in 6 months' time.
I really felt sorry for the agent this time, he's been horsing around with these folks for about 8 months.
We still don't have an accepted offer on anything yet...
But there are more open houses this weekend!
Chin up, unsure, get back on the horse
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Response by AKSEL
about 12 years ago
Posts: 22
Member since: Nov 2013
I have been on the opposing side of a transaction with Donald and he is a stand-up guy.
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Response by cantdecide
about 12 years ago
Posts: 6
Member since: May 2012
I've worked with Donald Fraser on numerous transactions including one right now in process. He's a great attorney that works tirelessly for his clients and keeps a level head in tough situations.
Adam Dahill
Mortgage Master Inc.
135 West 50th Street, 18th floor
New York, NY 10020
Office: 212-351-8020
Cell: 917-696-6010
adahill@mortgagemaster.com
NMLS ID: 66099
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Response by unsure
about 12 years ago
Posts: 79
Member since: Dec 2009
It's nice to hear so many people echo my experience with Donald. He's a good guy.
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Response by gothamsboro
about 12 years ago
Posts: 536
Member since: Sep 2013
I would go with whoever Yikes uses. You know he's going to be one touch son-of-a-bitch. People hire attorneys who are like them.
Hi unsure, my condolences on what has happened to you. It is brutal out there. And yes Mr. Fraser is well known to be a great buyer's attorney.
There's an old saying that might offer some comfort: Who loses in every market? Is it the bulls? Is it the bears?.....Or is it the pigs?
The latest thing is, we have a seller who supposedly is questioning whether we can buy their apartment all-cash and still afford to pay our personal income taxes this year.........for a condo.
They think they are sophisticated finance people, but apparently not sophisticated enough to realize I am not going to willingly turn over detail of every account and holding we have in our net worth to their agent for a purchase that is well below what we can afford.
What's happening is, the agents think they are deliberately under pricing and they expect evoke heavy traffic and a bidding war. And they are getting the traffic.
But real estate prices are seasonal (duh) and they are heading down for the next couple weeks, not up.
So I can list you a couple of properties that are priced like that that are sitting on the market way too long.
Those sellers are not going to accept the full asking price, because their agents have wrongly convinced them to expect an above asking price sale.
If they wait until spring prices may very well catch up, unless of course there are big financial earthquakes and then sellers will regret it.
I met a woman the other day who looked at more than 100 apartments before landing one in Prospect Hts Brooklyn, no mortgage contingency and it needs reno. So try to hang in there.
Yep. This one really did me in. I'm still stunned that the seller would pull out after the contract was settled and I signed. He was an oddball from the get-go. I probably should've proceeded with caution--but, of course, I loved the place (which you probably shouldn't do until you close). I am hoping to find and buy a place, but there are days when I am doubtful that will happen. That said, my loan officer and attorney were so great--so I wanted to put their names out. I read so many terrible accounts of people's issues with the professionals assisting their purchases. At least I did not have that issue.
I'm really sorry unsure. We really know what that feels like, although we haven't got to the "we signed they didn't" stage yet.
We had 2 deals killed by legal problems discovered in due diligence. Those were our heart breakers.
Then there was the deal with the illegal construction, an apartment we really fell in love with.
You have to first convince yourself that a particular place is a worthy purchase, it's inevitable that you do this, and then, when the rug gets pulled out from under you for any reason, you've made an emotional investment and it certainly feels like a loss emotionally.
We had another recent case when after our full-ask offer and much back and forth, cat and mouse, apartment was 100 days on the market, the poor agent told us the buyer was taking the apartment off the market permanently--for the second time in 6 months' time.
I really felt sorry for the agent this time, he's been horsing around with these folks for about 8 months.
We still don't have an accepted offer on anything yet...
But there are more open houses this weekend!
Chin up, unsure, get back on the horse
I have been on the opposing side of a transaction with Donald and he is a stand-up guy.
I've worked with Donald Fraser on numerous transactions including one right now in process. He's a great attorney that works tirelessly for his clients and keeps a level head in tough situations.
Adam Dahill
Mortgage Master Inc.
135 West 50th Street, 18th floor
New York, NY 10020
Office: 212-351-8020
Cell: 917-696-6010
adahill@mortgagemaster.com
NMLS ID: 66099
It's nice to hear so many people echo my experience with Donald. He's a good guy.
I would go with whoever Yikes uses. You know he's going to be one touch son-of-a-bitch. People hire attorneys who are like them.