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dpro0212

54 Posts

Posted - 08/13/2008 :  07:02:09 AM
Is anyone still doing Non- Seasoned ( less than 6 mos) cash out Investment Properties?

Have several clients that purchased bank owned/foreclosed properties well below current market values. They have put minimal cash ( $5-10K) back into properties for improvements/remodeling. Most properties have been rented/leased.

Full Doc 640-750 Credit scores, 50-75% LTV with reserves, SFR, in MI......

Please advise if you can identify any viable options or have closed similar loans in the last 30 days.

dprocopio@nationsfirstloans.com

mortgagebanker

135 Posts

Posted - 08/28/2008 :  11:23:58 PM
I close cash out no seasoning investment loans every month. Feel free to refer your clients over.
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