home loan after loan modification: Home Loan After Loan Modification
- 04/20/12 09:55 AM
Home Loan After Loan Modification I got a call today by a gentleman who did a loan modification 4 months ago.Now he wants to rent that home out and buy another home 'closer to work'. Long story short..... He was denied.
Here are my loan guidelines. I guess some lenders who portfolio their loans can ignore these rules though under certain circumstances. Lenders in the wholesale market will be bound by them Restructured or Short Payoff LoansIf the borrower is completing a short payoff or has had a previous loan with a short payoff this is considered a significant (0 comments)
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