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Financing in Napa : Real Estate Advice

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Activity 2
Tue Apr 16, 2013
Michael Abram answered:
Hello,

This is not accurate. Most conventional, FHA and VA lenders have a specified wait period for a short sale to be "seasoned" before considering lending a new loan to you. I do work with one lender that will consider a foreclosure/short sale on a case-by-case basis and I recently wrote a blog about it if you look at my profile. Otherwise, you are best waiting a few years before the traditional banks will consider lending to you.

Michael Abram
RPM Los Angeles
NMLS #235060
Cell: (310) 995-0975
mabram@rpm-mtg.com
www.rpm-mtg.com/mabram
... more
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Sun Aug 6, 2017
answered:
Probably not, we can’t get mortgage insurance (PMI) on investment properties, probably the same in your area. They can hypothecate something to make up the other 10%, I have clients do that all the time. ... more
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