Calling all group memebers. I have a client that was transferred to another country for a job in 2012, and thus had to sale their home! It was then short since they bought in the height of the market. NOw, with the new Fannie Mae rules, they can only use FHA, but the loan amounts are not in line with their purchase. We are not searching for a Private lender. These folks got caught and did nothing wrong. Great credit, great income! So now they have to pay it all the IRS because the government won't let them purchase a home that meets their needs? Who is winning here and who is losing!
If you are a private lender that is not out of this world with your terms and interest rates, let me know!
Looking for answers!