Jon....Too many banks and mortgage companies have closed over the last 7 years. We now know that even borrowers with high credit scores will simply stop paying in some cases. The companies here today want to stay viable and in business.
Good to know - thank you for sharing Rodney. It's hard to keep track of everything and these "tips" you send are good to know.
I find little logic when the banks are so timid when the market is so cheap. The property, that was $250K can be bought today for $100K. But the banks had no problem to give $250K loan in 2006, and now is afraid to give $95K to buy this property for $100K.
There is a joke that when you burn on hot milk, you are now afraid of the water...