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100% Financing to Investors Harder To Find
Mortgage brokers and direct lenders have tightened lending guidelines to those with excellent credit. So, what does this have to do with foreclosure? Everything. Often, a property owner may be bailed out by an investor/buyer on a straight sale or a leaseback with a repurchase option. These types of investors do not consider the transaction […]
Tsunami of Interest Rate Hikes Coming
/in Foreclosure & Loan Mod Blog /by Scott LaninThe NY Times reported yesterday in “Beware of Exploding Mortgages” that “anyone who believes that the worst is over in the subprime mortgage fiasco need merely wait awhile. A tsunami of interest rate increases on these loans is headed your way.”
100% Financing to Investors Harder To Find
/in Foreclosure & Loan Mod Blog /by Scott LaninMortgage brokers and direct lenders have tightened lending guidelines to those with excellent credit. So, what does this have to do with foreclosure? Everything. Often, a property owner may be bailed out by an investor/buyer on a straight sale or a leaseback with a repurchase option. These types of investors do not consider the transaction […]