I just read a featured post of AR that says lenders are no longer allowed to issue pre-approvals.  Most people who commented believed this nonsense. 

The truth is that pre-approvals are allowed.  Please refer to the RESPA FAQ's that are published by HUD.  Here is the link to the most current version:

http://www.hud.gov/offices/hsg/ramh/res/resparulefaqs422010.pdf

Refer to question #33 on page 11 and make sure you read the paragraph before question #33.

 
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1 Comments on YES - Pre-Approvals are Still Allowed

OCT
02
2010
596,136 Points 70 Featured Posts Outside Blog Called Shot Master

Chris - After two years of blogging here, I am still shocked and amazed at the crap I read here by some people.  Depending on my mood, sometimes I'll take the time to educate them but sometimes, based on who the post author is, I just move on and let the person look like an idiot.  I know, not very nice but some people here just need to be taught a lesson and I rather enjoy letting certain people look like morons.  LOL

5:40pm • #1


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Chris Thomas

Denver, CO

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