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bryan.owens@benc

223 Posts

Posted - 02/29/2008 :  07:40:35 AM
I have a 730 borrower, but he has a 90 day on an investment property that someone else was supposed to pay. He didn't know it was not being paid. The property has been paid off and there is no outstanding balance, of course.

I cannot get this through DU or LP because of the late. Is there anyone that can manually underwrite this file due to compensating factors, money down, credit score, perfect past credit history.

Maryland deal
either 417,000 or 417,000 first with second to 80%. 655,000 purchase price. Ratios fit.

email bowens@nmsinc.us
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jpar994

779 Posts

Posted - 02/29/2008 :  07:57:42 AM
why cant you run the DO/DU?
You may have a hard time finding the second but I would do the first all day with FANNIE
bryan.owens@benc

223 Posts

Posted - 02/29/2008 :  08:06:37 AM
quote:
Originally posted by jpar994

why cant you run the DO/DU?
You may have a hard time finding the second but I would do the first all day with FANNIE




I have ran it through DO and cannot get an approved? Can you give me a call at 410-273-6400 ext.111 if you know something that I don't. Thanks, Bryan
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Manual Underwrite, MD 730 score, purchase (Members)
MD purchase 730 score unable to get it approved due to 90 day in last 12 months on a rental property. Can anyone do a manual underwrite on this one? purchasing a primary residence 730 score ...

http://forum.brokeroutpost.com/loans/forum/2/206396.htm(Replies: 2)
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