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Investment Properties in Fresno : Real Estate Advice

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  • Local Info27
  • Home Buying156
  • Home Selling23
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Activity 3
Wed Oct 4, 2017
Joe Hernandez asked:
Enough equity on home to refinance. There's currently mpi on the fha loan. Home has stable renters. Refi would be fourth mortgage under my name.
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Mon May 6, 2013
Ron Thomas answered:
The two extremes are;
The Sellers who LIVED in the house for a long time, and have first-hand knowledge about the property.
And the Bank, who OWNS the property, but has never LIVED in it; would no first-hand knowledge about anything.

Then there is the absentee owner; who would know some times, and not know others: They would be required to disclose what they did know.

Doesn't that seem reasonable?
The Disclosure rules were set up for reasonable, honest people.
... more
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