Real estate blog entries tagged with economy by Katie Marchione ~ Community First Financial (Community First Financial)

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Home : Blogs : Katie Marchione ~ Community First Financial : Katie 's Blog : Tag "economy"

economy: Jewelry, toys, and cars are not liquid assets! - 03/19/08 05:54 PM

Have you ever heard this from a client?
"Well my 2007 Camry is paid off and that's worth about $15,000" or "I have a dune-buggy that I paid cash for last year, can't you state that on the application?"
With guidelines tightening up in recent months, and lenders requiring more assets than ever, I find myself trading these kinds of stories with my co-workers quite often. We laugh about it of course, and then gently tell our clients that they need to sell their toys in order to count.
As funny as we find this, there is an underlying problem here … (0 comments)

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Katie Marchione ~ Community First Financial

Scottsdale, AZ

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Community First Financial

Address: 7575 E. Redfield Rd. Suite 235, Scottsdale, AZ, 85260

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