jennylilp
143 Posts |
 Posted - 08/13/2008 : 1:34:20 PM
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Here are the basics:
-Conforming $210K loan amount
-LTV 50%
-Cash out Refi
-SFR
-FICO 731
-Owner Occupied
-CA property (LA County)
-DU finding A/E
-Wage Earner
-Full Doc
So here is the dealio, the borrower purchased another home and her sister took over payments like 2 1/2 years ago. There is proof, such as some cancelled checks, bank statements...etc (a mixture of documents, unfortunately). My same borrower also bought a car for another sister and we only have 6 months of cancelled checks proving that she is not responsible for the payment. The sister used to go to the actual auto finance company and pay with money order (augh, we need papertrail people)! Anywho, can anyone work with this? Let me know please!
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