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aygarcia
104 Posts |
 Posted - 08/26/2008 : 11:46:44 AM
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I have a past client call and want to purchase an investment property for 100,000 80% LTV.....1/2 of their money from employer is paid under the table (construction) and we do not have enough money on the tax return, but bank statements so significantly more in deposits.
I know this seems like a joke, but I hate to turn it down before checking all options! |
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M Evans
8 Posts |
Posted - 08/26/2008 : 12:01:48 PM
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| Banco Popular |
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aygarcia
104 Posts |
Posted - 08/26/2008 : 12:05:13 PM
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aren't they out of business?
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hmetcalf
318 Posts |
Posted - 08/26/2008 : 12:07:19 PM
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| They only do loans inside Texas now. |
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davidfr
1147 Posts |
Posted - 08/26/2008 : 12:25:18 PM
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| Unless these guys can come up with way more this will not be possible. An 80% investor is only going to happen full doc. Sorry. |
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meridian1
375 Posts |
Posted - 08/26/2008 : 1:39:10 PM
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1. New South Federal
2. Preferred Capital
3. PHE Wholesale
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aygarcia
104 Posts |
Posted - 08/26/2008 : 1:48:22 PM
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| do you have contacts for these banks? |
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meridian1
375 Posts |
Posted - 08/26/2008 : 1:54:01 PM
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https://www.newsouthfederal.com/wholesale/contact.php
www.prefercapital.com
www.phewholesale.com |
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meridian1
375 Posts |
Posted - 08/26/2008 : 1:59:14 PM
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| but not sure if they lend in the state that your looking for. All three lend in FL though |
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sandej31
62 Posts |
Posted - 08/26/2008 : 7:49:10 PM
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| I am the inside rep for PHE wholesale. If you guys have any questions about our bank statement program please contact me. |
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